Which of the following looks at the demand side of the market to explain some of the observed international trade patterns?
a. The theory of consumer preferences
b. The factor abundance theory
c. The product life cycle theory
d. The Ricardian model
e. The human skills approach
a
Economics
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The current account is the record of
A) changes in the government's holdings of foreign currency. B) the nation's exports but not its imports. C) payments for imports, receipts for exports, net interest, and net transfers. D) a nation's international trading, borrowing, and lending. E) foreign investment in the nation minus the nation's investment abroad.
Economics
People add to their stock of human capital
A) by being lucky. B) by currying favor with powerful people. C) by going to school. D) by practicing their skills. E) in all of the above ways.
Economics