Goods and services that we buy from firms in other countries are called our

A) imports.
B) exports.
C) inputs.
D) raw materials.
E) obligations.

A

Economics

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Any market that is served by an oligopoly is in effect served by a monopoly

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

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Which of the following will contribute to accelerated growth for the U.S. economy?

A. A decrease in factor mobility. B. A decrease in government involvement in copyright laws. C. A decrease in tax credits for research and development. D. Increased use of outsourcing for inputs and increased use of comparative advantage for trade in final goods and services.

Economics