Use the Geometric Series Formula to Find the Sum $1 + \frac{3}{ 10 } + \frac{3}{100 } + \frac{3}{1000}$

question 112

Multiple Choice

Use the geometric series formula to find the sum $1 + \frac{3}{ 10 } + \frac{3}{100 } + \frac{3}{1000}$ Express the answer as a decimal.

• A) 0.333
• B) 1.333
• C) 1.334
• D) 1.4

Understand the concept of comparative advantage and how it affects trade decisions.

Analyze the effects of trade on producer and consumer surplus.

Recognize the role of tariffs and their impact on trade.

Identify how international trade affects the economic well-being of a country.

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