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When Capital Rationing Exists,the Divisibility of Projects Is Ignored and Projects

question 117

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When capital rationing exists,the divisibility of projects is ignored and projects are funded in order of their PI's or IRR's.

Recognize the impact of trade policies such as tariffs and quotas on domestic markets and the global economy.
Understand the concept of comparative advantage and its implications for international trade.
Identify the effects of international trade on producer and consumer surplus.
Grasp the economic implications of autarky versus engaging in international trade.

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