Trade diversion reduces worldwide efficiency, because:
a. production is diverted to the country with comparative advantage.
b. production is diverted away from the country with comparative advantage.
c. unnecessary trade restrictions are created in the economies.
d. consumption is diverted to the country having inadequate demand.
e. the cost of transhipment of the goods increases thus raising their prices in the world market.
b
Economics
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A company issued common stock for cash. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows.
A. Operating activities section B. Does not represent a cash flow C. Investing activities section D. Financing activities section
Economics
Demand shift to the Left=
What will be an ideal response?
Economics