When poor families are compared to nonpoor families of the same ethnic background, significant cultural differences appear
Indicate whether the statement is true or false
F
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An optimal decision is one that chooses the most desirable from among all possibilities that are available.
Answer the following statement true (T) or false (F)
The fact that articles of clothing sold in Walmart are produced by very poorly paid workers in Honduras, is a fact that if taken into account
A) would prove to economists that the Ricardian model of comparative advantage is false. B) would prove to economists that the equal-value in trade concept summed up in the trade triangles is incorrect. C) proves to economists that trade is a negative sum game. D) proves to the Anti-Globalization Movement that trade is a negative sum game. E) proves that corporations are exempt from labor standards.
When is the profit a firm earns equal to the producer surplus? Explain
What will be an ideal response?
The Heckscher-Olin model uses differences in factor abundance to determine whether any nation has a comparative advantage in any good
a. True b. False Indicate whether the statement is true or false