Refer to Figure 7-1. Suppose the government allows imports of leather footwear into the United States. What will the market price be?

A dominant strategy refers to a strategy where one player knows he will always beat the other player

Indicate whether the statement is true or false

Potential GDP refers to the quantity of output that an economy can produce with full employment of its labor and physical capital

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