If Norwegian workers are more productive than Albanian workers, then trade between Norway and Albania
A) will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want.
B) cannot take place until Albanian workers become more productive.
C) can take place only if Albania has an absolute advantage in producing a good or service Norwegian buyers want.
D) cannot take place because Norwegian goods and services will be less expensive than Albanian goods and services.
A
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a. the Special Drawing Right. b. the Voluntary Export Restraint. c. the Monetary Trilemma. d. the Euro Dollar.
A shift in the demand curve to the right represents
A) an increase in demand. B) a decrease in demand. C) an increase in quantity demanded. D) a decrease in quantity demanded.