Trade flows measure the:
A. movement of resources between nations.
B. exports and imports of goods and services.
C. transfer of information from one nation to another.
D. transfer of money between nations.
B. exports and imports of goods and services.
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The demand curve facing a firm in monopolistic competition is elastic
Indicate whether the statement is true or false
Kauri’s country is building new factories to help increase the country’s production of woolen cloth. What is Kauri’s country investing in?
a. technology b. human capital c. natural resources d. physical capital
To derive the demand curve for good X, all the following are constant EXCEPT
A. tastes and preferences. B. the price of good Y. C. income. D. the price of good X.
Which of the following is the best example of a perfectly competitive industry?
A) the wheat market B) the steel market C) the electricity market D) the airplane market