International trade permits greater consumption than would be possible from the domestic production alone
a. True
b. False
Indicate whether the statement is true or false
True
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Personal income taxes and corporate income taxes are examples of ____ taxes
a. variable b. sales c. fixed d. disposable
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
Refer to Table 22.5 If 2014 is the base year, the price index in 2016 is
A. 81.2. B. 86.8. C. 118.8. D. 123.2.
Resources are allocated most efficiently across the country and around the world when traders specialize in producing those goods for which they have a comparative advantage, and trade for the other things that they need
Indicate whether the statement is true or false