The focus of the Ricardian model is on how differences in _________ influence international trade patterns.

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

The marginal social cost and private cost curves for a particular common property resource are upward sloping

What happens to the gap between teh actual quantity and the socially optimal quantity as the demand for the resource becomes more inelastic? A) Gap widens B) Gap declines C) Gap does not change D) We do not have enough information to answer this question