The type of goods being imported has changed from primarily low-tech goods to agricultural goods.
Answer the following statement true (T) or false (F)
False
Refer to the section in the chapter titled "The Changing Nature of Trade." The type of goods being imported has changed from raw commodities to high-tech goods.
You might also like to view...
When U.S. official reserves ________, the official settlements account balance becomes negative and when U.S. official reserves ________, the official settlements account balance becomes positive
A) increase; decrease B) decrease; increase C) increase; increase D) decrease; decrease E) More information is needed about the balances on the current account and the capital account in order to answer this question.
Under normal monopoly, P > MC, and so the marginal benefit to society of increasing output exceeds the marginal cost. This means that an increase in output will increase welfare.
Answer the following statement true (T) or false (F)
Foreign direct investment is any investment made in a country by residents outside that country.
Answer the following statement true (T) or false (F)
Which of the following is NOT a condition for price discrimination to exist?
A. unpatented product or the service B. identification of buyers with differing elasticities C. downward sloping demand curve faced by the firm D. ability to prevent the resale of the product or service