An optimizing economic agent will use the ________ rate while calculating the economic cost of a loan

Product _______ may create _______ trade between countries, particularly in those with similar relative factor endowments.

A) homogeneity; the absence of B) differentiation; one-way C) differentiation; two-way D) liability; two-way

Under a pure price system, the decision of resource allocation is made by

A) the head of the government. B) a queen or king. C) individuals who own the resources. D) no one.