The basis for trade is comparative advantage, not absolute advantage

According to this Application, the United States was found to have violated international trade laws by imposing excessive ________ on Chinese ________ of goods such as solar panels

A) quotas; imports B) quotas; exports C) tariffs; imports D) tariffs; exports

If the interest rate increases from 5 percent to 7 percent, the present value of a future payment

A) rises. B) falls. C) is unaffected. D) might either rise or fall.