Define the term "export."
What will be an ideal response?
An export is a product produced in the home country and sold in another country.
Economics
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The fundamental force that drives international trade is
A) absolute advantage. B) importation duties and tariffs. C) export licenses. D) comparative advantage.
Economics
Sam is a musician who is out of work because electronic equipment replaced live musicians. This is an example of:
a. frictional unemployment. b. cyclical unemployment. c. structural unemployment. d. involuntary unemployment.
Economics
Without enforcement, a contract
A) is binding. B) is lateral in form. C) is costless to enforce. D) not really binding.
Economics
Who believed that managers make decisions based on their assumptions of human nature?
a. mcgregor b. taylor c. ratter d. johnson
Economics