If we take into account transfer payments (TR) when we derive the saving and investment relationship, the saving and investment equation becomes

Which of the following statements explains why trading partners are often concerned about each other's labor standards?

I. From a humanitarian perspective, people do not want to buy products if workers are in oppressive conditions. II. Unions realize that low standards for labor will be less costly, and those products will compete more effectively with products produced at home. III, Some nations do not enforce their own lax labor standards, but have also signed on to trade agreements. a. I b. II c. II and III d. I, II, and III

Exit from a market will occur if economic profits are zero

Indicate whether the statement is true or false