Economic growth with an increased willingness to engage in international trade will always improve the economic well-being of a large country.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The federal funds rate is the interest rate that ________ charge(s) ________.
A. banks; their best corporate customers B. the Fed; commercial banks C. banks; on federal student loans D. banks; other banks
In evaluating a relationship between x and y, ceteris paribus means other variables
A) are not relevant to x and y. B) move in opposite directions to x and y. C) are not changing while x and y change. D) move in the same direction as x and y.
In a sequential contestable market game
A) a small number of firms can behave like firms in perfect competition. B) the outcome is always a monopoly equilibrium. C) the dominant firm always makes a monopoly profit, while other firms make zero economic profits. D) a firm that enters the market first is protected from potential entrants by natural barriers.
In any given market, prices are determined by
A) specialization of labor. B) transactions costs. C) supply and demand. D) comparative advantage.