Countries should specialize and import goods in which they have a comparative disadvantage
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The aggregate demand curve shows the relationship between short-run equilibrium output and the:
A. inflation rate. B. unemployment rate. C. real interest rate. D. nominal interest rate.
Which of the following is part of the uterus?
A. Areola B. Fimbriae C. Fundus D. Perineum
The moral hazard problem caused by government safety nets:
A. only exists for banks with high leverage ratios. B. is pretty constant across banks of all sizes. C. is greater for larger banks. D. is greater for smaller banks.
Suppose a firm experiences lower average costs whenever output increases in the long run. Then we would expect the firm to have:
A. a U-shaped long-run average cost curve. B. an L-shaped long-run average cost curve. C. a long-run average cost curve that always decreases. D. a minimum efficient scale relatively close to the origin.