Firms can make decisions using marginal analysis even if they do not know the shape of a demand curve
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Once a country has lost its comparative advantage in producing a good, its income will be ________ and its economy will be ________ if it switches from producing the good to importing it
A) higher; less efficient B) lower; less efficient C) higher; more efficient D) lower; more efficient
The easiest economic sector to be ‘globalized' is
a. merchandise trade b. capital flows c. migration of labor d. technology transfer e. none of the above
The WTO
A) is an affiliate of the World Bank. B) is an organization created to oversee NAFTA. C) was established to resolve trade disputes among member nations. D) provides low interest loans to member nations to help develop their export industries.
If a country's Gini coefficient had a value of one, this means:
a. the country has a perfectly even distribution of income. b. income is fairly evenly distributed across the country. c. income is fairly uneven across the country. d. all the income in the country goes to one person.