The passage of the Smoot-Hawley Tariff in 1930 sparked a trade war that caused net exports to ________ and real GDP to ________
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
C
Economics
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A table that summarizes who the players in a game are, the actions available to each player, and the payoffs available to each player is a ________
Fill in the blank(s) with correct word
Economics
Refer to Scenario 16.2. Is the current distribution Pareto optimal?
A) Yes. B) No, as Sam could trade Sally a piece of candy for a tee shirt and both people would be better off. C) No, as Sam could trade Sally a tee shirt for a piece of candy and both people would be better off. D) Without the prices of each commodity it is impossible to determine if this distribution is Pareto optimal.
Economics