Brazil only exports coffee and its price is $15 . It only imports crackers and its price is $10 . Brazil's terms of trade is

This chapter discussed natural and randomized experiments. How does a natural experiment differ from a randomized one? Which one is likely to yield more accurate results?

What will be an ideal response?

Suppose potatoes were produced in Canada by many, many firms in perfect competition. In Belgium, only one firm produces potatoes for the Belgium market. Suppose as well that for the competitive firms and the monopoly, minimum ATC is the same. We would expect then, that in Belgium the price of potatoes is _____________ and ____________ potatoes are produced and sold than in Canada

a. higher; more b. lower; more c. higher; fewer d. lower; fewer e. the same; fewer