The price at which a good or service is traded on international markets is called the _________ price.
A) supply
B) demand
C) relative
D) world
E) production
Correct Answer:
Verified
Q31: Consumers of imported goods are _ as
Q32: The workings of the free market ensure
Q33: Consumers of imported goods are _ as
Q34: Under free trade,countries will _ goods for
Q35: Why do politicians so often resist free
Q37: If the world price is less than
Q38: The winners from trade are the _
Q39: A quota is a
A) legal limit on
Q40: If trade is unrestricted,countries will _ goods
Q41: The demand for shoes in a country
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