Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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GNI and PPP data are useful because they provide a dynamic analysis of economic development.
a. true b. false
Economics
Refer to Figure 13-1. Ceteris paribus, a decrease in government spending would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
Economics