Suppose a government official is trying to decide whether or not to allow more immigration. Which of the following is not an aspect of the economic way of thinking that would apply in this decision-making process

Ans: Flipping a coin

Economics

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If Japanese workers are more productive than French workers then trade between Japan and France

A) cannot take place because Japanese goods and services will be less expensive than French goods and services. B) can take place only if France has an absolute advantage in producing a good or service Japanese buyers want. C) will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want. D) cannot take place until French workers become more productive.

Economics

____ is a new product pricing strategy which results in a high initial product price. This price is reduced over time as demand at the higher price is satisfied

a. Prestige pricing b. Price lining c. Skimming d. Incremental pricing e. None of the above

Economics