Refer to the table above. You are told that Country B is very much larger than country A. The correct answer is
A) country B will export good S.
B) country A will export good S.
C) both countries will export good S.
D) trade will not occur between these two countries.
E) both countries will import good S.
A
You might also like to view...
When the actual unemployment rate is greater than the NAIRU, the inflation rate
A) remains unchanged. B) tends to increase. C) falls to zero. D) tends to decrease.
All the production points that lie above the total product curve are inefficient
Indicate whether the statement is true or false
The Federal Reserve has had the authority to vary reserve requirements since the
A) 1920s. B) 1930s. C) 1940s. D) 1950s.
Property rights are important because they:
A. ensure an equal distribution of income. B. encourage cooperation by improving the chances of mutually agreeable transactions. C. guarantee that any exchange will make all parties better off than prior to the exchange. D. allow the government to control how resources are allocated.