If the ratio of the dollar price of a U.S. toy to the dollar price of a Chinese toy is greater than one:
A) retailers in the U.S. should buy the toys from Chinese suppliers.
B) retailers in the U.S. should buy the toys from both Chinese suppliers and American suppliers.
C) retailers in the U.S. should not buy the toys from both Chinese suppliers and American suppliers.
D) retailers in the U.S. should buy the toys from American suppliers.
A
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Explain the significance of voting with suitable examples
Economists usually believe that:
A. innovation encourages competition. B. competition encourages innovation. C. innovation leads to market power and should be regulated. D. market power leads to innovation.
what technological change can affect employment patterns across industries?
What will be an ideal response?