In the short run the firm has at least one fixed input

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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If two countries specialize in the production of goods in which they have a comparative advantage, they can experience gains from trade

Indicate whether the statement is true or false

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Tariff revenue is an important source of operating revenue for many governments of high income countries

Indicate whether the statement is true or false

Economics