Multiple Choice
Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following is true?
A) Economists assume that there are no private property rights in a free market.
B) A free market is also known as a fettered market.
C) A voluntary transaction means that all parties to the transaction must expect to benefit.
D) People always receive goods and services at a discounted price in a free market.
E) An economic growth is represented by an inward shift of the production possibility curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Figure 5.3. The figure shows the wage
Q24: Figure 5.2. The figure shows the supply
Q25: Figure 5.2. The figure shows the supply
Q26: Figure 5.1. The figure shows a linear
Q27: Scenario 4-1<br>In a given year, country A
Q29: Figure 5.3. The figure shows the wage
Q30: Figure 5.1. The figure shows a linear
Q31: Figure 5.3. The figure shows the wage
Q32: Figure 5.2. The figure shows the supply
Q33: Figure 5.3. The figure shows the wage