Voluntary export restraints are illegal under international trading rules.
Answer the following statement true (T) or false (F)
False
You might also like to view...
In the economic way of thinking, bald eagles are a scarce good. Thus,
A) the bald eagle population can be maintained at no cost. B) the bald eagle population should be maintained at any cost. C) there are substitutes for bald eagles. D) there are no substitutes for bald eagles. E) economists don't like bald eagles.
The fact that a monopoly has to take the shapes of marginal cost AND marginal revenue into account when making decisions is reflected in the fact that
A) monopolies don't have a supply curve. B) monopolies don't have a demand curve. C) monopolies have the same supply curve as perfectly competitive firms. D) monopolies maximize profit.
Changing the ownership of the ocean from common property to private property would
A. not be economically desirable. B. ensure that this resource would be allocated in a more efficient manner. C. result in no appreciable change in efficiency of utilization of this resource. D. ensure that this resource would be allocated in a less efficient manner than under common property rights.
Which of the following is counted in the GDP in a given year?
A. the dollar value of the housework done by a stay-at-home mom B. the sale of a used Mazda convertible C. the sale of a new screwdriver D. the sale of Facebook stock