If the domestic price is below the world price of a certain product, the domestic country will export the product.
Answer the following statement true (T) or false (F)
True
You might also like to view...
International specialization and trade according to the principle of comparative advantage is mutually beneficial for all economies involved
a. True b. False Indicate whether the statement is true or false
In modern culture, which of the following has probably become the most precious resource?
a. water b. time c. oil d. mathematics
What is the function of the system of federal regulation created by Congress from 1887 until now?
(a) To change the outcomes of market decisions (b) To enforce the outcomes of market decisions (c) To replace market allocations with economic planning (d) To enforce the law
One of the challenges for development economists working in health care is to figure out a way to:
A. increase the frequency of preventative medicine, such as immunizing children. B. force doctors to practice good medicine. C. have the government get more involved in production of necessary healthcare item. D. mandate through government policy that families must make better health care choices.