Most countries export and import goods, not services
Indicate whether the statement is true or false
F
You might also like to view...
Households
A) have no involvement in the circular flow in a market economy. B) sell goods in the product market. C) purchase resources in the factor market. D) sell resources in the factor market.
Who most clearly gains from a tariff on imports?
a. Consumers in the importing country b. Producers in the exporting country c. The government in the exporting country d. Producers in the importing country
Union leaders who focus on increasing the size of their union will generally accept a wage just above the competitive level.
Answer the following statement true (T) or false (F)
"Per capita GDP" tells us ________.
the average income (or output) of a country per person the amount of GDP adjusted for inflation the amount of GDP at the natural rate of unemployment the amount of GDP for a specific state