Real business cycle theory argues that the primary cause of business cycles is fluctuations in

The above figure depicts the Edgeworth box for two individuals, Al and Bruce. Points a and b

A) are most likely to reflect the final allocations after trading. B) are least likely to reflect the final allocations after trading. C) are equally likely to reflect the final allocations after trading than other points on the contract curve. D) are definitely not the final allocations after trading.

The United States is an example of

A) a customs union. B) a free trade area. C) an economic union. D) a common market.