Even when one country has an absolute advantage in all goods and another country has an absolute disadvantage in all goods, both countries can still benefit if they trade with each other
a. True
b. False
Indicate whether the statement is true or false
True
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A decrease in expected future income leads to a
A) leftward shift of the supply of loanable funds curve. B) leftward shift of the demand for loanable funds curve. C) rightward shift of the demand for loanable funds curve. D) downward movement along the supply of loanable funds curve. E) rightward shift of the supply of loanable funds curve.
Net worth is
A) a measure of a firm's profits. B) the difference between a firm's assets and liabilities. C) part of stockholders' equity. D) listed on the asset side of a firm's balance sheet.
The infant industry argument was an important theoretical basis for
A) neo-colonialist theory of international exploitation. B) import-substituting industrialization. C) historiography of the industrial revolution in Western Europe. D) the East-Asian miracle. E) the reduction of tariffs on Western Europe.
When a market is in surplus, there is pressure for the price to move upward
a. True b. False Indicate whether the statement is true or false