The prices of the products in the World War II POW camps, measured in terms of cigarettes, reflected the products'
A) practicality. B) costs of production.
C) scarcity. D) retail prices.
C
Economics
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Suppose Country A collectively enjoys monopsony power in Good X. If Country A imposes a tariff on the imports of Good X, the world price of Good X will
A. remain unaffected. B. rise. C. become equal to the tariff-inclusive price in Country A. D. fall.
Economics
Explain why returns on assets compensate for systematic risk but not for idiosyncratic risk.
What will be an ideal response?
Economics