Billie jean has $120 to spend and wants to buy either a new amplifier for her guitar or a new mp3 player to listen to music while working out. both the amplifier and the mp3 player cost $120, so she can only buy one. this illustrates the basic concept that- trade can make everyone better off.- people face trade-offs.- rational people think at the margin.- decisions made at the margin are not particularly important.

The largest elements of community corrections are

At present, the united states has an embargo against north korea because a. the two countries have extremely poor political relations. b. north korea will not adopt a capitalist government. c. north korean products are too difficult to use. d. north korea has an embargo on american products. e. products from north korea are in higher demand than american-made products.

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against. infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.