International trade may make some individuals in a nation better off, while other individuals are made worse off
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Other Significant Entities Contributing to Federal Reserve Functions
What will be an ideal response?
Economics
Which of the following is true of the model of monopolistic competition?
a. Barriers to entry enable firms to enjoy positive profits in the long run. b. The number of firms declines over time as a result of economies of scale. c. The monopolistically competitive firms enjoy a greater market power than a monopolist. d. Firms tend to locate near each other in order to minimize total travel costs for consumers. e. The firms end up charging same prices for their individual products.
Economics