Question 5. a)

The underlying reason why trade benefits both sides of a trading arrangement is rooted in the concept of            .  

The _____________ is an example of a large-scale common currency.

. An increase in the government’s budget surplus will cause the interest rate to:

Question 5. e)

The United States national minimum wage is _____________.  

A prolonged period of budget deficits may lead to ___________________.

The membership of the WTO includes about __________ nations.

When one nation can produce a product at lower cost relative to another nation, it is said to have a(n)____________________in producing that product.  

Question 9 Worth 8 points Evaluate