Trade can only benefit a nation if that nation has an absolute advantage in the production of that good
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
You notice that the price and quantity of wheat both decrease. This observation can be the result of the
A) demand curve for wheat shifting rightward. B) demand curve for wheat shifting leftward. C) supply curve of wheat shifting rightward. D) supply curve of wheat shifting leftward.
A key barrier to labor mobility within Europe is
A) the laziness of Germans. B) full employment in most European countries. C) differences in language and culture. D) lack of transportation. E) the physical barriers in the landscape.
What is the yield to maturity of a consol with a coupon of $85 and a price of $944.44?
A) 5.56% B) 8.50% C) 9.00% D) Not enough information has been provided to determine the answer.
The following is budget information for a hypothetical economy. All data are in billions of dollars.YearGovernment SpendingTax RevenuesGDP1$1,100$1,000$10,00021,2501,40010,20031,4501,45010,50041,6001,50010,90051,8001,55011,200Refer to the above data. In which year is there a budget surplus?
A. Year 1 B. Year 2 C. Year 3 D. Year 4