A surplus of wheat
a. is impossible if people are hungry
b. is impossible if the price of wheat is below equilibrium
c. will result in an increase the price of wheat
d. is unlikely to result in any change in the price of wheat
e. indicates that the problem of scarcity of wheat has been solved
B
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Which concept did Hugo Grotius address and construct in his published work of the 1600s, The Law of War and Peace?
a. international regime b. just war theory c. preemptive attack d. prisoner's dilemma
The above figure shows the U.S. market for replacement cell phone batteries. With free trade, U.S. production is equal to ________ batteries per year. When a $2 tariff is in place, U.S. production is equal to ________ batteries per year
A) 100,000; 300,000 B) 100,000; 500,000 C) 300,000; 100,000 D) 300,000; 500,000 E) 900,000; 700,000