For the United States, one important benefit of foreign trade is
A. reality checks in the economy.
B. less domestic competition.
C. decreased domestic competition.
D. access to cheaper goods and services.
Answer: D
Economics
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In the above figure, equilibrium expenditure is equal to
A) $5 trillion. B) $10 trillion. C) $20 trillion. D) $15 trillion. E) None of the above answers is correct
Economics
For substitutes, cross price elasticity of demand is:
a. Negative b. Positive c. between zero and one only d. zero.
Economics