超星 - 新建作业9

A. People face tradeoffs.
B. Trade can make everyone better off.
C. Governments can sometimes improve market outcomes.
D. Prices rise when the government prints too much money.

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单选题

What is the fundamental basis for trade among nations? ( )

A. shortages or surpluses in nations that do not trade
B. misguided economic policies
C. absolute advantage
D. comparative advantage

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单选题

A. often imposed on markets in which “cutthroat competition” would prevail without a price ceiling.
B. a legal maximum on the price at which a good can be sold.
C. often imposed when sellers of a good are successful in their attempts to convince the government that the market outcome is unfair without a price ceiling.
D. All of the above are correct.

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单选题

A price floor is ( )

A. a legal minimum on the price at which a good can be sold.
B. often imposed when sellers of a good are successful in their attempts to convince the government that the market outcome is unfair without a price floor.
C. a source of inefficiency in a market.
D. All of the above are correct.

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