Who sells what to whom
A) has been a major preoccupation of international economics.
B) is not a valid concern of international economics.
C) is not considered important for government foreign trade policy since such decisions are made in the private competitive market.
D) is determined by political rather than economic factors.
E) is less important than international economic theory.
A
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A firm that sells at a price below average cost is losing money.
Answer the following statement true (T) or false (F)
Explain the differences between the public debt and the government budget deficit
What will be an ideal response?
Which of the following taxes is most clearly based on the benefits-received principle of taxation?
a. corporate income tax b. gasoline tax c. personal income tax d. payroll tax e. value added tax
Earnings of a resource is termed as economic rent if:
a. it has a perfectly elastic demand. b. it has a perfectly elastic supply. c. it has a perfectly inelastic supply. d. it has a perfectly inelastic demand. e. it has no demand.