Refer to the scenario above. Maria should submit a bid of ________

A change in the price of one good, such as staples, may affect the quantity demanded of another good, such as rubber bands

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

If a country exports the products it can produce at a low opportunity cost and imports the products it would otherwise produce at a high opportunity cost, we say that such trade is based on the

A. arbitrage pricing theory. B. theory of absolute advantage. C. theory of factor endowments. D. theory of comparative advantage.