Over the past several decades there has been rapid growth in international trade. This growth has been due to all but one of the following factors. Which factor has not contributed to the growth of international trade?
A) a change in the tariffs charged on many goods B) favorable changes in government policies
C) a reduction in shipping costs D) the spread of reliable communications
Question 2
If, in a competitive market, marginal benefit is less than marginal cost
A) the government must force producers to raise prices in order to achieve economic efficiency.
B) the output is greater than the equilibrium quantity.
C) the output is less than the equilibrium quantity.
D) the net benefit to consumers from participating in the market is less than the net benefit to producers.