The above figure shows the U.S. market for chocolate. With international trade, ________ is the transfer of surplus from producers to consumers

Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held if there is downward wage rigidity in the market, when the demand curve shifts to LD2?

A) $50 B) $30 C) $40 D) $20

Which of the following best illustrates the concept of a store of value?

a. You are a precious-metals dealer, and you are always aware of how many ounces of platinum trade for an ounce of gold. b. You sell items on eBay, and your prices are stated in terms of dollars. c. You keep 6 ounces of gold in your safe-deposit box at the bank for emergencies. d. None of the above is correct.