When trade is free, patterns of trade and trade flows result from
A. the collective decisions of a few importers and exporters, as well as millions of private households and firms.
B. the collective decisions of a few importers and exporters, as well as the governments of the countries in which they reside.
C. the independent decisions of thousands of importers and exporters, as well as the governments of the countries in which they reside.
D. the independent decisions of thousands of importers and exporters, as well as millions of private households and firms.
Answer: D
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If a one-year bond is purchased for $700 and the interest rate is 5 percent, what will it pay in one year?
A) $35 B) $665 C) $735 D) $770
In general, as productivity levels decrease, the potential for productivity growth
a. decreases. b. increases. c. remains the same. d. decreases if GDP decreases.