Countries tend to export different goods and services because of:
a. differences in their comparative advantage.
b. differences in their tastes and technological needs.
c. differences in income.
d. similarities in resource endowment.
e. differences in the exchange rates.
a
You might also like to view...
Personal income tax withholding is
A. involuntary. B. involuntary and designed to spread out the impact of taxes throughout the year. C. designed to spread out the impact of taxes throughout the year. D. voluntary.
What is the Social Security system?
What will be an ideal response?
The official unemployment rate can be criticized for both understating and overstating the true number of unemployed
a. True b. False Indicate whether the statement is true or false
When trying to determine the standard of living in a given country, it is not important to observe its income distribution, because what we are interested in is the income per person in the economy
a. True b. False Indicate whether the statement is true or false