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ECON 1500 State Test Final Exam 2025 With 100% Correct Answers
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---5September 20252025/2026A+
- Why are international trad restrictions put into place? A) create higher taxes for consumers B)encourage trade between nations C) protect domestic industries from foreign competition D) supply foreign countries w/ fewer goods + services - CORRECT ANSWERC 
 
A large computer chip manufacturer opens a warehouse in Hot Springs, SD. How will this affect the local population? A) increased marginal cost B) improved comparative advantage C) increase trade barriers D) improved standard of living - CORRE...
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