Which statement is false?
A. Compared to 30 years ago, there is more sentiment in the U.S. for protection against the import of foreign goods.
B. The basis for international trade is specialization.
C. Our balance of trade has been negative since the early 1900s.
D. None of these statements are true.
B. The basis for international trade is specialization.
You might also like to view...
Hector puts $150 into an account when the interest rate is 4 percent. Later he checks his balance and finds he has about $168.73 . How long did Hector wait to check his balance?
a. 3 years b. 3.5 years c. 4 years d. 4.5 years
An initial increase in aggregate demand that is NOT followed by an increase in the quantity of money results in a long-run equilibrium with...
What will be an ideal response?
Which idea is inconsistent with pure competition?
A. Price-taking behavior B. Product differentiation C. Freedom of entry or exit for firms D. A large number of buyers and sellers
An unexpected large increase in the price of crude oil is an example of a supply shock
Indicate whether the statement is true or false