Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Estonia gain compared to the "without trade" numbers?
A) 25 B) 75 C) 100 D) 125
A
Economics
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Because of the free-rider problem:
A. the market demand for a public good is overstated. B. the market demand for a public good is nonexistent or understated. C. government has increasingly yielded to the private sector in producing public goods. D. public goods often create serious negative externalities.
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Governments generally take responsibility for
A. determining the moral code. B. making sure the economy remains healthy. C. deciding what is produced by most businesses. D. the purchasing decisions of households.
Economics