Which of the following terms describes the process in which the exchange rate equalizes the prices of internationally traded goods across countries?

Economic integration refers to the growth of market linkages in:

A) goods only. B) labor. C) capital and labor only. D) goods, capital, and labor.

The figure above shows the marginal revenue and costs of a perfectly competitive firm. When 170 units are produced, the

A) firm has total revenue of $2,720. B) firm's total costs are less than $2,720. C) firm is making an economic profit. D) All of the above are true.