Intraindustry trade tends to be more controversial than interindustry trade
Indicate whether the statement is true or false
FALSE
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Factors of production are grouped into four categories
A) land, labor, capital, entrepreneurship B) land, labor, capital, money C) land, capital, money, entrepreneurship D) labor, capital, money, entrepreneurship
In a perfectly competitive resource market, the Marginal Revenue Product Curve is
A) vertical. B) horizontal. C) downward sloping. D) upward sloping.
The change in the quantity demanded of any good is always caused by:
a. a change in consumers' preferences for that good. b. a change in the general income levels of the consumers who buy that good. c. an increase or decrease in the population. d. a change in the price of that good. e. a change in the price of substitute goods.
Whenever the interest rate goes up, the price of bonds will go down
a. True b. False Indicate whether the statement is true or false