Most firms are structured as corporations
Indicate whether the statement is true or false
false
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If a country has an absolute advantage in producing a product, it may not have a comparative advantage in producing that product
Indicate whether the statement is true or false
In the U.S. a box of tea costs $5 . The same box of tea in Uganda costs 10,000 schillings (the currency of Uganda). If the real exchange rate is 5/4, what is the nominal exchange rate? Show your work
Which of the following explains the slower economic growth in the South compared to other regions of the country?
A. Much of the South's capital, public and private, was destroyed in the Civil War. B. The transcontinental railroads that were completed in the 1860s, 1870s, and 1880s all bypassed the South. C. The South remained an agricultural region after the Civil War instead of immediately becoming a higher productivity manufacturing region. D. All of the choices are true.
Refer to Exhibit 2-1. The opportunity cost of moving from point B to A is
 ANSWER 3.png)