The process of achieving a quality of life in a country that is comparable to that found in a modern economy is called ________
A) economic development
B) economic modernization
C) comparative advantage
D) industrial growth
A
Economics
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Free trade benefits all consumers and producers in a country
Indicate whether the statement is true or false
Economics
If the two countries are at points A and B in Figure 35.1 and do not trade, what is the total number of motorcycles produced per year?
A. 2,000. B. 3,000. C. 4,000. D. 1,000.
Economics
Which of the following skills would the study of economics help promote?
A. problem solving B. memorization C. critical thinking D. problem solving and critical thinking only.
Economics
Country A-2020 Transactions (billions of dollars)
In the above table, the merchandise trade balance for Country A is ________ billion dollars.
A. +100 B. +150 C. -100 D. -150
Economics