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Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

Question 28

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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.

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