The United States imports garments from third world countries. This means that if the U.S. economy were closed, the domestic price of goods would be ________ the world price of garments.
A. less than
B. equal to
C. greater than
D. close to
Answer: C
Economics
You might also like to view...
Predatory pricing is a form of barrier to entry
Indicate whether the statement is true or false
Economics
If the real rate of return is 2 percent, and the inflation rate is 2 percent, then the nominal interest rate must be:
A. ?4 percent. B. ?2 percent. C. 4 percent. D. 2 percent.
Economics
Refer to the provided graph. The slope of the line tangent to the curve at point A is
A. 2.00 B. -2. C. -1.5. D. -0.5.
Economics
If a perfect competitor is just breaking even it most likely is operating in _______________.
Fill in the blank(s) with the appropriate word(s).
Economics