With international trade, a country will export tires. Prior to international trade, the quantity of tires produced in the country ________ the quantity of tires consumed in the country
A) must be more than
B) must be less than
C) might be more than, less than, or equal to
D) must equal
D
Economics
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Adam Smith
A) is responsible for refining the model of supply and demand. B) is the author of this text. C) is considered the founder of economics. D) introduced the concept of ceteris paribus to the discussion of supply and demand.
Economics
When exchange rates are fixed, a government, to counter a temporary negative demand shock, should, in part:
A) reduce taxes. B) reduce defense spending. C) reduce the money supply. D) reduce defense spending and the money supply
Economics