A nation should specialize in the good for which it has an absolute advantage
Indicate whether the statement is true or false
F
You might also like to view...
Which of the following statements is correct?
a. Monopolistic competition is similar to monopoly because both market structures are characterized by firms being price makers rather than price takers. b. Monopolistic competition is similar to perfect competition because both market structures are characterized by differentiated products. c. Monopolistic competition is similar to oligopoly because both market structures are characterized by strategic interaction between firms in the market. d. Monopolistic competition is similar to perfect competition because both market structures are characterized by perfectly elastic demand curves for firms.
Which of the following correctly portrays a bank's balance sheet?
A. Total Bank Assets = Total Bank Liabilities + Total Bank Capital B. Total Bank Assets = Total Bank Capital - Total Bank Liabilities C. Total Bank Liabilities = Total Bank Capital + Total Bank Assets D. Total Bank Assets = Total Bank Liabilities - Total Bank Capital