Once a country has a comparative advantage in producing a product, it cannot lose that advantage

Indicate whether the statement is true or false


FALSE

Economics

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Refer to Figure 17-6. Which of the following statements about Scheme II is false?

A) It is likely to draw highly productive workers who see the opportunity to increase their wages. B) It allows workers to increase their monthly wage without penalizing those who are content with their monthly wage. C) It is more risky for senior employees. D) It could discourage less productive workers and induce them to leave the firm.

Economics

The total amount of copper in the earth is not increasing. Does this mean that in the market for copper, the supply curve is perfectly inelastic? Explain

What will be an ideal response?

Economics

Over the period between 1960 and 2010, the increase in unemployment rate was the greatest in

A) early 1960s. B) late 2000s. C) mid 1970s. D) early 1980s. E) early 1990s.

Economics

Underlying economic theory is the idea that

A) people respond only to negative incentives, not to positive ones. B) choices are affected by both positive and negative incentives. C) value judgments do not play a role in the economic decisions people make. D) money is the only incentive that matters.

Economics