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Author Question: The above figure shows the U.S. market for flip-flops. With international trade, the United States ... (Read 97 times)

EAugust

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The above figure shows the U.S. market for flip-flops. With international trade, the United States imports ________ flip-flops.
 
  A) 300,000
  B) 500,000
  C) 700,000
  D) 0 flip-flops because the United States exports
  E) 400,000

Question 2

Popular criticism of determining who gets what by means of money prices increases in periods of inflation because
 
  A) inflation hits poor people the hardest.
  B) people mistakenly assume an increase in money prices makes them worse off.
  C) the wealthy will eventually acquire everything if inflation continues long enough.
  D) there is no one who benefits from rising prices.


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Hikerman221

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EAugust

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


sultansheikh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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