When markets open up to international trade, we know that total surplus will rise
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
In terms of exports from the colonies, ______ and ______ were the top two trading partners
a. the United Kingdom; Africa b. Southern Europe; the West Indies c. the West Indies; the United Kingdom d. the United kingdom; Southern Europe.
Economics
Firms in perfect competition will leave the industry if they
a. suffer short-run losses b. suffer losses, even if they are covering variable costs in the short run c. suffer long-run losses d. earn a normal profit e. earn a zero economic profit
Economics