The main argument against using trade restrictions to retaliate against a country that raises its trade restrictions against you is

a. international trade may be further reduced between the two countries and your gains from trade become even smaller
b. war may occur if mutual retaliations get out of hand
c. both countries may find that they have greater access to each other's markets
d. black markets will thrive as entrepreneurs find ways to enter each country's markets
e. population will migrate from one country to the other in search of higher-paying jobs

A

Economics

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Red Stone Creamery currently hires 5 workers. When it added a 6th worker, its output actually fell. Which of the following statements is true?

A) The total product becomes negative. B) The average product of the sixth worker is negative. C) The sixth worker is not as skilled as the fifth worker. D) The marginal product of the sixth worker must be negative.

Economics

Suppose you buy 100 shares of 3M at $86 a share and sell all shares one year later for $99 a share. During the year, you earned a dividend of $2.10 a share. What was your rate of return? Report your answer in percentages with one decimal point

What will be an ideal response?

Economics