In terms of efficiency, any point on a production possibilities frontier is as good another
a. True
b. False
Indicate whether the statement is true or false
True
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Economists
A) describe reducing tariffs and quotas as shallow integration. B) describe reducing tariffs and quotas as deep integration. C) believe that changing domestic policies affecting trade is a relatively simple process. D) believe that the work of reducing trade barriers is done since most tariffs are low and most quotas eliminated. E) believe the original motivation for nations forming domestic policies and regulations was to create trade barriers to foreign companies.
What do you think about international "Chapter 11"?
What will be an ideal response?
Compared to other countries, the U.S. government is very concerned with intellectual property rights. This can explain, in part, the success of its software, computer and other electronic industries
Indicate whether the statement is true or false
The supply curve for land in the city of San Francisco is most likely
A. an upward sloping straight line. B. a downward sloping straight line. C. vertical or perfectly inelastic. D. horizontal or perfectly elastic.