Usually the removal of trade barriers affecting a particular good benefits ________ people domestically, each of whom gains a ________
A) a few; little
B) a few; lot
C) many; little
D) many; lot
C
Economics
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A diagram that shows the maximum amount of one type of good that can be produced in an economy, given the production of the other is known as
A) an indifference curve. B) the tradeoff schedule. C) the production possibility frontier. D) the balance of trade.
Economics
Which of the following functions of money would be violated if inflation were high?
a. unit of account b. store of value c. certificate of gold d. medium of exchange
Economics