If the United States has an absolute advantage in producing computer components, it should export them worldwide
a. True
b. False
B
You might also like to view...
Explain what it means to have a mixed-strategy equilibrium in a zero-sum game. What happens if a player deviates from this mixed-strategy equilibrium?
What will be an ideal response?
One aspect of bank accounting is that many liabilities of banks are
A. assets of other persons and businesses in the economy. B. also liabilities of other persons and businesses in the economy. C. not matched by liabilities of most other banks. D. not actually owed to any other person or business in the economy.
According to purchasing-power parity theory, the nominal exchange rate between the U.S. and another country should equal the U.S. price level divided by the price level in the foreign country
a. True b. False Indicate whether the statement is true or false
When economic profits are zero, accounting profits
A. must be positive. B. will be negative. C. will equal zero. D. could be positive, negative or zero.