Government involvement in the economy supports both the prosperity goal and meeting the needs of people

What, according to Frankel, does the "new trade theory" show that the classical theory does not?

a. that gains from trade are only a one-time increase in real income b. the compounding effects of the spread of liberal economic ideology c. that gains from trade can be permanent and ongoing rather than static d. that targeted intervention in specific areas of the economy can be beneficial

A person's age tends to not have much effect on his or her political opinions.

Answer the following statement true (T) or false (F)