A firm might offer efficiency wages to reduce worker turnover and thereby reduce production costs
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following is true of an import quota?
a. is a tax of imported goods b. limits quantity of imports allowed into a country c. will decrease the price of imported goods d. will raise revenue for the government e. helps to address a balance of trade surplus
Economics
A country has a comparative advantage in a product if the world price is _____ than that country's domestic price without trade
Fill in the blank(s) with correct word
Economics