Multiple Choice
If a nation restricts trade with other nations, then the most likely effect is
A) lower prices of goods and services in the nation.
B) increased specialization of production.
C) expanded economic wealth of the nation.
D) consumers in the nation are made worse off.
Correct Answer:
Verified
Correct Answer:
Verified
Q109: Which of the following best illustrates the
Q110: In a competitive market economy, firms and
Q111: "Consumer sovereignty" means that<br>A) buyers can dictate
Q112: The market system's answer to the fundamental
Q113: If people tried to produce most of
Q115: In the circular flow model of the
Q116: (Last Word) Which of the following helps
Q117: Which of the following does not illustrate
Q118: In a market system,<br>A) firm owners and
Q119: Explain the main characteristics of a corporation.