Countries with low wages will always be able to export to countries with high wages
Indicate whether the statement is true or false
FALSE
Explanation: Low wages might be too high relative to differences in labor productivity.
Economics
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Which of the following is necessary to make a trade in a barter economy?
A. Money B. Unlimited wants C. A medium of exchange D. A coincidence of wants
Economics
Firms will invest in new equipment whenever:
A. the expected cost of the equipment is less than the expected benefit. B. the expected cost of the equipment exceeds the expected benefit. C. public saving is greater than private saving. D. the expected cost of the equipment is greater than the value of the marginal product of the equipment.
Economics