If opening up international trade resulted in the U.S. importing ballpoint pens, what would tend to happen to the U.S. price of ballpoint pens?
a. The domestic price will fall

If you invest $4,000 in a savings account paying 3 percent interest, how much will your investment be worth in 25 years?

What will be an ideal response?

Firms maintain their completive edge by

a. Providing a good at lower costs than their rivals b. Providing a superior product at the same cost as your rival c. Being innovative d. All the above