Refer to Table 2-11. If the two countries specialize and trade, who should export digital cameras?
A) South Korea
B) China
C) There is no basis for trade between the two countries.
D) They should both be importing digital cameras.
A
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Credit cards are:
a. M1 money. b. M2 money. c. near money. d. not money.
The labor-force participation rate measures the percentage of the
a. total adult population that is in the labor force. b. total adult population that is employed. c. labor force that is employed. d. labor force that is either employed or unemployed.
A firm that is earning a positive profit in the short run and expects to continue doing so has an incentive to expand its scale of operation in the long run.
Answer the following statement true (T) or false (F)
Both parties gain in a voluntary exchange
a. True b. False Indicate whether the statement is true or false