The higher the world price above the domestic no-trade equilibrium, the lesser the quantity of a good exported by a country

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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In economics, the term ________ refers to a group of buyers and sellers of a product and the arrangement by which they come together to trade

A) trade-off B) collective C) cooperative D) market

Economics

In terms of location decisions, firms evaluate the extent to which the labor force is unionized

Indicate whether the statement is true or false

Economics

Explain why a firm must consider variable costs rather than fixed costs, when deciding whether to produce

Economics

Of the following, the most likely example of price discrimination is when:

A. restaurants charge different prices for chicken and beef. B. hotels charge different rates for the same rooms when conventions are held. C. supermarkets charge different prices for oranges and apples. D. a firm sells different shoes for different prices.

Economics