Only those products in which a country has an absolute advantage will be competitive in world markets.
Answer the following statement true (T) or false (F)
False
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Regarding the price elasticities of demand, which of the following statements is true?
A. Price elasticities vary considerably from product to product. B. Luxurious goods are generally less price elastic. C. Necessities are generally more price elastic. D. All of these statements are true.
Last year, the nominal interest rate was less than the anticipated rate of inflation
A) This means that not enough loans were made by banks. B) This means that the real interest rate was negative. C) This means that the real interest rate was very high. D) This scenario is not possible.
A local street festival that previously sold bracelets in exchange for unlimited alcohol consumption is now concerned about the overconsumption of alcohol. If they switch to selling tickets per drink, will overall consumption at next year's festival decrease?
A. No, because the marginal cost per extra beer will decrease for consumers. B. No, because the marginal cost per extra beer will increase for consumers. C. Yes, because the marginal cost per extra beer will increase for consumers. D. Yes, because the marginal benefit per extra beer will increase for consumers.
Most Mexican workers can increase their wages if they migrate to the United States, a demand-pull factor for migration
Indicate whether the statement is true or false