Home and foreign produce two goods, flowers and soybeans. home exports the labor intensive flowers and foreign exports the land intensive soybeans. suppose that home provides an export subsidy to its domestic flower producers. the provision of an export subsidy to flower producers by home will cause
a. an improvement in foreign's terms of trade.
b. the relative demand for flowers to increase.
c. the relative supply of flowers to decrease.
d. home's terms of trade to improve.

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)