One protection that encouraged entrepreneurs in the U.S. was the enforceability of contracts by the courts

If planned aggregate expenditure is less than real GDP, some firms will experience unplanned increases in inventories

Indicate whether the statement is true or false

International trade is advantageous because trade makes it possible for people in each country to

a. import more than they export. b. export more than they import. c. employ more of their domestic resources producing things that are costly for them to produce domestically. d. acquire goods from foreigners more economically than they could be produced domestically. e. do all of the above.