This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.According to the graph shown, if this economy were to open to trade, the amount consumed domestically would:

A. increase by 35.
B. decrease by 90.
C. decrease by 35.
D. increase by 90.

Answer: A

Economics

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In 2010, doubts were raised about the debt of all of the following countries EXCEPT

A) Ireland. B) Greece. C) Poland. D) Portugal.

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From an ethical standpoint, the plantation owners of the South typically saw the system of slavery as

(a) basically superior to the wage-labor system of the North. (b) basically inferior to the wage-labor system and only likely to exist temporarily. (c) basically equal to the wage-labor system but more profitable. (d) not needing a moral justification because slavery had been accepted without question throughout most of human history.

Economics