Trade between countries should be
A. encouraged for developed countries but not for developing countries.
B. discouraged for developed countries but encouraged for developing countries.
C. discouraged for both developed and developing countries.
D. encouraged for both developed and developing countries.
Answer: D
You might also like to view...
In a monopsony labor market, the employer hires the quantity of labor where the ________ equals the ________
A) marginal revenue of labor; marginal cost of labor B) marginal cost of labor; marginal product of labor C) marginal product of labor; value of marginal product of labor D) marginal cost of labor; value of marginal product of labor
If a firm buys a delivery van for $18,000 and can resell it in 2 years for $7,500, the opportunity cost of using the van is
A) $10,500. B) $7,500. C) $18,000. D) $3,750.
Perfectly competitive markets are not the most efficient type
a. True b. False Indicate whether the statement is true or false
Ryan spends an hour studying instead of going for a bike ride. Assume studying and bike riding were Ryan's only options for that hour. The opportunity cost to him of studying is Choose one answer.
a. the improvement in his grades from studying for the hour. b. the difference between the improvement in his grades and the enjoyment from bike riding. c. the enjoyment and exercise he would have received from bike riding. d. zero since neither activity required Ryan to spend any money. e. the value of the knowledge he gained by studying.