If Argentina has a large amount of farmland and Great Britain has many factories,
A. the two nations have no reason to trade.
B. Argentina will be willing to trade but Great Britain will not.
C. Great Britain will be willing to trade but Argentina will not.
D. the two nations will probably engage in mutually advantageous trade.
Answer: D
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Select the phrase that correctly completes the following statement. "A decrease in the expected future price caused an increase in the supply of smartphones. As a result,
A) the price of smartphones decreased and the demand for smartphones increased." B) the price of smartphones decreased. The lower price caused the supply of smartphones to decrease." C) the price of smartphones decreased and the quantity of smartphones demanded increased." D) the equilibrium quantity of smartphones decreased."
If Tom tattles, what would Sarah's best response be
a. Hit b. Not hit c. Run d. Hide