In what way is international trade beneficial to both parties?
a. It reduces shipping costs by passing them on to consumers.
b. It increases output and income levels in the whole trading area.
c. It lowers consumer expectations of quality and durability.
d. It strengthens the cultural identities of each trading partner.
b. It increases output and income levels in the whole trading area.
Economics
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The M2 measure of money is suggested by the ________ approach to measuring money
A) investment B) liquidity C) transactions D) security
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In an economy that has stationary production capacity:
A. GDP is zero B. Capital consumption (or depreciation) is zero C. Net investment is zero D. Gross investment is zero
Economics