The international trade effect states that

A) an increase in the price level will raise exports.
B) an increase in the price level will lower net exports.
C) an increase in the price level will raise net exports.
D) an increase in the price level will lower imports.

B

Economics

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When external benefits exist, which of the following can produce the efficient amount of output?

I. vouchers II. private subsidies III. taxes IV. marketable permits. A) I and II only B) I and III only C) II and IV only D) III and IV only

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The accumulated training and education that you have is

A) physical capital. B) entrepreneurship. C) economic goods. D) human capital.

Economics