Which of the following is not a reason to restrict trade?
A. Concerns about dumping.
B. Concern about high prices for consumers.
C. Protection of infant industries.
D. Preservation of national security.
Answer: B
Economics
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Refer to the figure above. The triangular region BEC shows the ________ due to the price ceiling
A) gain in consumer surplus B) loss in consumer surplus C) gain in producer surplus D) loss in producer surplus
Economics
If a sum of $15,000 is borrowed at 13% for a year, the interest paid by the borrower is ________
A) $750 B) $1,000 C) $1,950 D) $5,500
Economics