Define the term "export."
What will be an ideal response?
An export is a product produced in the home country and sold in another country.
Economics
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Refer to the figure above. Domestic consumers of this product in A would most prefer
A) a customs union with C. B) a customs union with B. C) a free trade agreement with C. D) no agreement with either country.
Economics
Scarcity would cease to exist as an economic problem if: a. we learned to cooperate and not compete with each other
b. there were new discoveries of an abundance of natural resources. c. output per worker increased. d. none of the above.
Economics