All of the following are reasons that trade between nations is beneficial EXCEPT
A) gains from specialization.
B) exchange of ideas.
C) protection of domestic industries.
D) gains from trade.
C
Economics
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The above figure definitely shows
A) a long-run equilibrium for a monopolistically competitive firm. B) an industry with few firms. C) a long-run equilibrium for a perfectly competitive firm. D) a long-run equilibrium for a perfectly competitive market. E) a short-run equilibrium for a monopoly.
Economics
In the above figure, the price paid by the buyer before the tax is ________ per compact disc, and the price paid by the buyer after the tax is ________ per compact disc
A) $20; $20 B) $20; $30 C) $30; $20 D) $30; $30
Economics