Most U.S. imports are
a. manufactured goods
b. agricultural services
c. petroleum and related products
d. minerals such as bauxite and nickel
e. military goods
A
Economics
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What makes something money? What functions does money perform? Why do you think packs of chewing gum don't serve as money?
What will be an ideal response?
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Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. They can each produce any linear combination as well. Once free trade is allowed, Canada will produce
A) no clothing. B) 10 units of clothing. C) 20 units of clothing. D) 5 units of clothing.
Economics