Reciprocity between two countries implies that
a. neither will trade with the other
b. trade flows freely across the two countries' borders
c. trade can only be beneficial to one of the countries
d. each agree not to trade with any other countries
e. you do unto others as they do unto you
E
Economics
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The opportunity cost of more capital goods today is
A) fewer capital goods in the future. B) fewer consumer goods in the future. C) fewer consumer goods today. D) more unemployed resources in the future.
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Labor growth depends mainly on ________ and labor productivity growth depends mainly on ________
A) population growth; increases in real GDP B) population growth; technological advances C) growth in real GDP per person; growth rate of capital D) growth in real GDP per person; technological advances
Economics