Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Morocco gain compared to the "without trade" numbers?

In economics, the term "free market" refers to a market where no sales tax is imposed on products sold

Indicate whether the statement is true or false

A measure comparing the prices of consumer goods and services that a household typically purchases to the prices of those goods and services purchased in a base year is:

a. the GDP deflator. b. the consumer price index. c. the price level. d. inflation. e. the base measure.