In China

A) wages are beginning to rise, reducing its comparative advantage.
B) there is little advantage from scale economies.
C) the middle class is not expanding.
D) poor coastal areas limit trade.

A

Economics

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Collective consumption goods can lose their collective consumption characteristics as they get more crowded

a. True b. False

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If both prices decreases by 50%,

A) budget constraint will be unchanged. B) slope of the budget constraint will increase. C) slope of the budget constraint will decrease. D) budget constraint will shift outward in a parallel fashion.

Economics