The theories of comparative advantage and absolute advantage assume that countries are driven only by the maximization of production and consumption

Indicate whether the statement is true or false

TRUE

Business

You might also like to view...

The Scooter Store notified its employees at 5pm on Friday that it is laying off two-thirds of its workforce as of today and told them not to come in on Monday. It failed to provided advance notice to anyone and in doing so likely violated

a. the Worker Adjustment and Retraining Notification Act. b. the Worker Retention Act. c. the Worker Readjustment Act. d. the Worker Notification Act.

Business

It takes K's Boutique an average of 53 days to sell its inventory and an average of 16.8 days to collect its accounts receivable. The firm has sales of $942,300 and costs of goods sold of $692,800. What is the accounts receivable turnover rate?

a. 23.69 b. 11.41 c. 21.73 d. 24.23 e. 19.55

Business