A strong dollar helps U.S. exporters and hurts importers
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is true?
A) Trade leads to inefficient allocation of resources. B) Trade discourages workers to specialize in production. C) International trade creates supply bottlenecks. D) Trade allows people to choose occupations that suit their talents.
If net investment spending in a nation is zero, we can conclude that:
a. gross investment exceeds the capital consumption allowance. b. the capital consumption allowance exceeds gross investment. c. imports equal exports. d. gross investment equals the capital consumption allowance. e. no investment goods were produced in the economy.
Every country imposes tariffs on at least some imports
a. True b. False Indicate whether the statement is true or false
GDP is?
What will be an ideal response?