If a country has a higher opportunity cost to produce a good, that means that this country can never possess a comparative advantage in the production of any good
a. True
b. False
Indicate whether the statement is true or false
False
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A nation's exports are NOT impacted by the multiplier effect
Indicate whether the statement is true or false
Nodes are:
A. different points in geographic or economic space linked by a network. B. examples of negative network externalities. C. examples of positive network externalities. D. None of the statements are correct.
In an oligopolistic industry where the oligopolists collude, the price firms charge would be ________, and the quantity they produce would be ________, if the industry was a monopoly.
A. higher than; lower than B. the same as; the same as C. higher than; higher than D. lower than; lower than
What are the three balance of payments accounts? Briefly describe them. What is the relationship among the three?
What will be an ideal response?