The factor-price equalization theorem indicates that laborers will end up earning the same wage rate in all countries only if the laborers are allowed to migrate between countries.
Answer the following statement true (T) or false (F)
False
Economics
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A reduction in net exports will, all other things unchanged, shift the aggregate demand curve to the left.
a. true b. false
Economics
Changes in nominal GDP reflect
a. only changes in prices. b. only changes in the amounts being produced. c. both changes in prices and changes in the amounts being produced. d. neither changes in prices nor changes in the amounts being produced.
Economics