International trade equalizes the opportunity cost of producing any good around the world
a. True
b. False
B
You might also like to view...
Contractionary monetary policy causes ________
A) real output to rise B) the aggregate price level to fall C) the aggregate price level to rise D) real interest rates to fall
The ________ of something is the gain or pleasure that it brings
A) rational margin B) marginal cost C) benefit D) opportunity cost E) rational choice
Briefly discuss the risks of unexpected changes in exchange rates and how these risks affect the use by a multinational enterprise (MNE) of borrowing foreign currency to fund its foreign affiliates.
What will be an ideal response?
A price floor will create the largest surplus when:
A. supply is elastic and demand is inelastic. B. supply is inelastic and demand is elastic. C. both supply and demand are inelastic. D. both supply and demand are elastic.