A relative measure of the importance of trade is
A) the dollar value of trade.
B) trade as a percentage of GDP.
C) the dollar value of trade adjusted for inflation.
D) trade as a percentage of investment.
E) None of the above.
B
Economics
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At a price level of 100, John has savings equal to $20,000. If the price level increases to 130, the buying power of John's savings is approximately
A) $26,000. B) $12,780. C) $30,000. D) $20,000. E) $15,400.
Economics
The production possibilities frontier illustrates which of the following economic ideas?
A) efficiency B) tradeoffs C) opportunity cost D) all of the above E) none of the above
Economics