A country will be able to consume a combination of goods that is not attainable solely from domestic production if
A) the world terms of trade differ from its domestic relative costs.
B) the country specializes in one product.
C) the country avoids international trade.
D) the world terms of trade equal the domestic relative costs.
E) the country's domestic production value equals world relative value.
A
Economics
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According to Danziger and Gottschalk, the two most frequent ways low earners escape poverty is working a second job, and help from relatives
Indicate whether the statement is true or false
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A bond with a face value of $10,000 (and no coupon payments) is always worth
a. $10,000 b. less than $10,000 before the maturity date c. more than $10,000 if the interest rate is high enough d. $10,000 on the date of purchase e. $9,090.91 two years before the maturity date
Economics