Specialization is the concept of devoting resources to the production of only a small number of goods and services
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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U.S. Trade Adjustment Assistance:
a. is not available to workers in manufacturing. b. is not available to workers displaced by NAFTA. c. is not available to workers in service industries. d. expired with the advent of the WTO in 1995.
Economics
It is generally claimed that state trading, or centrally controlled trading will tend to reach a lower economic welfare than would be reached by allowing market forces to determine trade flow directions and terms of trade
Illustrate a counter-example to this proposition.
Economics