We benefit from trade if we are able to obtain a good from a foreign country:

a. that has a very low domestic demand.
b. the production of which requires a steady supply of unskilled labor.
c. by giving up less of other goods than we would have to give up to obtain the good at home.
d. by giving up more of other goods than we would have to give up to obtain the good at home.
e. that has a substantial number of substitutes in the domestic market.

c

Economics

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Two teams played a game called Thai 21 on an episode of the television show Survivor. Call the teams Green and Red. The game begins with 21 flags. The teams take turns. When it is a team's turn, it can remove one, two, or three flags

The team that removes the last flag wins. Green goes first. Who should win this game, Green or Red?

Economics

In 2001, the labor force participation rate of women was ________

a. about 10 percent. b. about 25 percent. c. just over 60 percent. d. more than 80 percent.

Economics