The shift toward more open, integrated economies that participate ...

[nautica902]

The shift toward more open, integrated economies that participate in foreign trade and investment is referred to as:
 
  A) protectionism.
  B) fair trade promotion.
  C) globalization.
  D) traditionalism.

Question 2

Which of the following statements is true?
 
  A) A buyer who sets a price so that he can purchase any amount of a good he wants at a fixed price, if he has the money to pay for it, is called a price leader.
  B) All buyers in a perfectly competitive market set prices to compete in their market.
  C) The relative prices of goods do not affect a consumer's buying decision.
  D) A consumer in a perfectly competitive market buys only a tiny fraction of the total amount produced.

[ntsoane kedibone]

Answer to Question 1

C

Answer to Question 2

D

[nautica902]

Thanks for the timely response, appreciate it

[smrtceo]

Great answer, keep it coming