List the factors that might influence a country's exports, imports, and trade balance
a . the tastes of consumers for domestic and foreign goods
b. the prices of goods at home and abroad
c. the exchange rates at which people can use domestic currency to buy foreign currencies
d. the costs of importing goods from country to country
e. the policies of the government toward international trade
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Refer to the scenario above. The opportunity cost of producing one pound of apples in Zeta is:
A) 0.67 pounds of oranges. B) 2 pounds of oranges. C) 1.5 pounds of oranges. D) 3 pounds of oranges.
As more people imported cars from abroad, service facilities became widely available. This increased the value of imported cars to those who owned one. This is an example of a(n) ________
A) pecuniary externality B) network externality C) moral hazard D) adverse selection