As long as the maximum buying price of a good is less than the minimum selling price of that good, an exchange will occur
Indicate whether the statement is true or false
False
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Use the following table to answer the question below.Giovanni's Production Possibilities ScheduleJorge's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn02400480301802036060120402409060601201200800Who has the comparative advantage in the production of green beans?
A. Giovanni B. Jorge C. Both D. Neither
Two factories make wooden chairs. If the workers in factory A make each chair from start to finish and the workers in factory B divide labor, one would assume
A) the chairs in factory A are of higher quality. B) the workers in factory B have more job satisfaction. C) factory B can take advantage of division of labor and produce more efficiently. D) factory A can take advantage of division of labor and produce more efficiently.
Most economists think that it is impossible to prevent asset price bubbles
a. True b. False Indicate whether the statement is true or false
If an American-based firm opens and operates a new clothing factory in Honduras, then it is engaging in
a. foreign portfolio investment. b. foreign financial investment. c. foreign direct investment. d. indirect foreign investment.