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INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
A growth stock would be expected to pay a [ high | low ] level of dividends.
Free Trade
Trade that is unregulated by government tariffs or other artificial barriers; the levels of exports and imports occur naturally, as a result of supply and demand.
Consumer Surplus
The variance between the amount consumers are ready to pay for a good or service compared to the actual price they pay.
International Trade
the exchange of goods and services across international borders or territories.
Autarky
An economic system where a region or country is self-sufficient and does not engage in international trade.
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