For any pair of nations and goods, if each country has a comparative advantage in the production of one product, it is reasonable to expect that specialization and trade will benefit both countries.
Answer the following statement true (T) or false (F)
False
Economics
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The IBRD part of the World Bank is set up to lend to whom and for what types of projects?
What will be an ideal response?
Economics
An ad valorem tax is
A. given as a proportion of the price. B. Latin for "buyer beware." C. identical to a unit tax. D. computed using the "inverse taxation rule."
Economics
The law of diminishing marginal utility explains why people and societies rarely make all-or-nothing choices
a. True b. False Indicate whether the statement is true or false
Economics
How is the interest rate on a bond calculated?
What will be an ideal response?
Economics