Binding arbitration is when an impartial observer helps resolve differences between union and management

If the world terms of trade for a country are somewhere between the domestic cost ratio of H and that of F, then

A) country H but not country F will gain from trade. B) country H and country F will both gain from trade. C) neither country H nor F will gain from trade. D) only the country whose government subsidizes its exports will gain. E) country F but not country H will gain from trade.

Indifference curves that are closest to the origin are preferable to ones that are farther from the origin

a. True b. False Indicate whether the statement is true or false