The law of comparative advantages explains why
a. advanced nations will not trade with less-developed countries.
b. an advanced nation will not trade with other countries.
c. less-developed countries only trade among themselves.
d. nations trade with each other, regardless of their relative levels of economic development.
e. nations erect trade barriers.
d
Economics
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In the above table, saving must be
A) -$300 billion. B) $300 billion. C) $400 billion. D) -$400 billion.
Economics
In the early 1980s the government's primary method of combating inflation was
A) price and wage controls. B) undoing the "self-inflicted" wounds. C) restrictive monetary policy. D) indexing bonds to protect savers.
Economics