If it costs the DuPont Chemical Company more to make the chemical flaxinate in the United States than it does to make it in Formosa, the Formosans must have:
a. lower demand for flaxinate.
b. tariffs on flaxinate.
c. inefficient markets.
d. a more favorable political environment.
e. an absolute advantage in flaxinate production.
e
Economics
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Refer to Table 16.1. Consider the data in the table above (in billions of dollars) for an economy. Gross domestic product (in billions of dollars) for this economy equals
A) $2,700. B) $2,525. C) $2,350. D) $2,100.
Economics
Another term often used to refer to family wealth is:
A. Income B. Net worth C. Salary and wages D. Spending
Economics