Countries that restrict foreign trade are likely to
a. forgo the additional surplus that trade allows, but will probably enjoy economies of scale.
b. forgo the additional surplus that trade allows, but will be compensated by a higher rate of technological change.
c. forgo the additional surplus that trade allows, but will have a lower rate of unemployment.
d. have more firms with domestic market power.
d
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One bag of coffee beans is sold for $7 to a cafe that uses it to brew coffee which it sells to customers for a total of $15. A second bag of coffee is sold directly to Joan for $7, who uses it to brew coffee for her family every morning
What is the contribution to GDP from the purchases of coffee beans and coffee? A) $14 B) $29 C) $15 D) $7 E) $22
Evidence that most investors are risk averse is that they
A) buy a diversified portfolio. B) buy different bonds with the same yield and maturity. C) put most of their funds in one company's stock. D) like to gamble.