What is the MOST likely reason neighboring nations engage in trade?
a. labor availability
b. similar tastes and preferences
c. proximity
d. shared membership in a free trade area
Ans: c. proximity
Economics
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Indicate whether the statement is true or false
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A normative economic statement is
a. a statement of fact b. a statement of opinion which advocates a particular position c. not acceptable in the economics profession d. the only acceptable manner to present economic information e. a statement based upon government-supplied information
Economics