Refer to Figure 16-1. With perfect price discrimination, the firm will produce and sell

What complex set of free-trade area regulations prohibits non member country imports to a high-tariff member country via a low-tariff member country?

a. environmental certification b. rules of origin c. health and safety standards d. a codified trade agreement

When the housing bubble began to burst in 2006, investors became

A) more likely to purchase mortgage-backed securities since mortgage values had declined significantly, making the securities a better value. B) less likely to purchase mortgage-backed securities since the default rate on mortgages began to rise. C) more likely to purchase mortgage-backed securities since the higher rate of return made these investments much more profitable. D) less likely to purchase mortgage-backed securities since the government virtually took over the mortgage market.