A. not be affected
B. appreciate
C. depreciate
D. fluctuate more than if interest rates were high
A. the goods market
B. the money markets
C. the labor markets
D. all of these
A. occurs when countries are granted most favored nation status
B. occurs when one country voluntarily agrees to reduce its exports to another country
C. occurs when two or more nations join to form a free-trade zone
D. Occurs when countries develop an acquired comparative advantage that makes their industries more competitive in international markets
A. Producers are price takers
B. consumers and producers face the same prices
C. marginal costs and benefits are equal
D. prices equal marginal cost and benefit
E. All of the above
A. Proportional tax rate
B. average tax rate
C. marginal tax rate
D. vertical tax rate
E. horizontal tax rate
A. Income on which payment of tax is usually evaded
B. Illegally earned money
C. Money earned through underhand deals
D. None of these
A. relative factor competition
B. relative factor mobility
C. relative factor substitution
D. relative factor endowments