Because of the recognition internationally of the principles of national sovereignty, nations cannot be affected by the policies of other nations and international governmental organizations

When the production possibilities curve is bowed out, resources are:

a. equally well-suited to production of both goods. b. not being used efficiently. c. not equally suited to the production of both types of goods. d. increasing as more of one good is produced. e. of an inferior quality.

Direct controls are considered inefficient because all firms are forced to pay the same costs

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