Over a period of time, a nation's GDP increases by 3 percent at constant prices and by 5 percent at current prices. Other things being equal, the price level changed by about:

The higher the value for the index of intra-industry trade:

a. the lower total trade is for other products. b. the greater percentage of trade in that good is intra industry. c. the more we should be concerned about job loss and outsourcing. d. the higher the gains from trade.

The decade of the 1920s was characterized by which of the following?

(a) Economic advancements in agriculture (b) A decrease in the inequality of income and wealth (c) Consumers dramatically shifted their household demands into purchases of durable goods on credit (d) All of the above characterized the decade of the 1920s