Free trade is, in essence, a roundabout way to wealth based upon comparative advantage
Indicate whether the statement is true or false
T
Economics
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Most banks in the United States are owned by the government and operate as nonprofit institutions.
Answer the following statement true (T) or false (F)
Economics
The population of Omega totals one million people, 30 percent of whom are employed. Average output per worker in Alpha is $30,000. Real GDP per person in Alpha totals:
A. $9,000. B. $100,000. C. $21,000. D. $30,000.
Economics