Trade restrictions:
A. increase the cost or difficulty of making exchanges across national borders.
B. can explain why purchasing power parity doesn't typically hold.
C. discourage people from fully taking advantage of lower prices in other countries.
D. all of the above statements are true.
Answer: D
You might also like to view...
Because of the number of firms in monopolistic competition,
A) each firm has a large market share. B) it is possible for the firms to collude. C) no one firm can dominate the market. D) one firm has the ability to dictate market conditions. E) each firm must carefully monitor what its competitors do.
When the automobile replaced horse-drawn carriages as the principal means of transportation, firms producing horse-drawn carriages went bankrupt and permanently laid off all their workers, thereby increasing i. seasonal unemployment. ii
structural unemployment. iii. cyclical unemployment. A) i only B) ii only C) i and iii D) i and ii E) ii and iii