A country is said to enjoy a comparative advantage over another country in the production of a product if it uses fewer resources to produce that product than the other country does.
Answer the following statement true (T) or false (F)
False
You might also like to view...
In Figure 11.3, the change in investment spending is represented as the distance between points
A) C0 and C1. B) a1 and y1. C) a0 and a1. D) y0 and y1.
The deadweight loss from a monopoly loss measures the inefficiency created by monopoly
Indicate whether the statement is true or false
What types of international transactions are recorded in the balance of payment accounts?
What will be an ideal response?
Darla puts her money into a bank account that earns interest. One year later she sees that the account has 6 percent more dollars and that her money will buy 7.5 percent more goods
a. The nominal interest rate was 13.5 percent and the inflation rate was 7.5 percent. b. The nominal interest rate was 13.5 percent and the inflation rate was 1.5 percent. c. The nominal interest rate was 6 percent and the inflation rate was -1.5 percent. d. The nominal interest rate was 6 percent and the inflation rate was 7.5 percent.