With which of the Ten Principles of Economics is the study of international trade most closely connected?
a. People face tradeoffs.
b. Trade can make everyone better off.
c. Governments can sometimes improve market outcomes.
d. Prices rise when the government prints too much money.
b
Economics
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In the above table, what is the marginal factor cost of the 2nd worker?
A) $24 B) $14 C) $64 D) $12
Economics
A increase in demand coupled with a simultaneous and bigger decrease in supply will cause equilibrium:
A. Price to go up and quantity to go down B. Price to go up and quantity to go up C. Price to go down and quantity to go down D. Price to go down and quantity to go up
Economics