One danger associated with calls for fairness based on reciprocity is that calls for fair trade may be invoked in cases where foreign restrictions on domestic exports do not actually exist

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

True

Economics

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The law of supply says that

a. supply and income are inversely related b. supply follows demand c. quantity supplied equals quantity demanded d. price and quantity supplied are inversely related e. price and quantity supplied are directly related

Economics

Simplicity and fruitfulness are virtues when it comes to judging

a. normative economics b. economic models c. positive economics d. consumer sovereignty e. market performance

Economics