Which of the following describes a reason U.S. consumers might especially value trade with China?
a. China is a large market with potential to buy many U.S. exports.
b. China supplies many goods imported to the United States.
c. China and the United States have similar cultural practices.
d. China was closed off from U.S. trade for several decades.
b. China supplies many goods imported to the United States.
Economics
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Surplus value that is lost because something is keeping the market from functioning as well as it can is known as ________
Fill in the blank(s) with correct word
Economics
Say's law states that
A. supply will usually be greater than demand. B. supply and demand are never equal. C. supply creates its own demand. D. demand may be greater than supply.
Economics