Free trade can promote greater output because of the principle of comparative advantage
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
In an economy, 42 million people are in the labor force, 38 million are employed, and 47 million are of working age. How many people are not in the labor force?
A) 19 percent B) 9 million C) 5 million D) 4 million
Unemployment that emerges during sectoral shifts in the economy is known as ________
A) structural unemployment B) discouraged unemployment C) cyclical unemployment D) frictional unemployment
Briefly explain the different focus of valuing stocks taken by behavioralists, chartists, and fundamentalists.
What will be an ideal response?
The functions of money are
A) a conductor of economic activity, a medium of exchange, and a store of value. B) a medium of exchange, a store of value, and a factor of production. C) a store of value, a medium of exchange, and a determinant of investment. D) a store of value, a unit of account, and a medium of exchange.