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Author Question: When trade is free (unimpeded by government-instituted barriers) how are the patterns of trade and ... (Read 123 times)

Jipu 123

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on: Jun 29, 2018
When trade is free (unimpeded by government-instituted barriers) how are the patterns of trade and trade flows determined?
 
  What will be an ideal response?

Question 2

How does the decreasing use of DVD players affect the market for prerecorded DVDs?
 
  A) The demand curve for prerecorded DVDs shifts to the left.
  B) The quantity of prerecorded DVDs demanded decreases.
  C) The quantity of prerecorded DVDs demanded increases.
  D) The demand curve for prerecorded DVDs shifts to the right.


vickyvicksss

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The patterns of trade and trade flows result from the independent decisions of thousands of importers and exporters and millions of private households and firms.

Answer to Question 2

A


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