Which of the following exemplifies why it is unlikely that a country would specialize in just one product?

a. A hurricane late in the growing season destroyed the entire sugar cane crop.
b. Varieties of figs would grow but rarely ripen in the cooler, northern climate.
c. The Playstation video game console sold more units than any other system.
d. Food trends indicated that people were increasing their fruit consumption.

a. A hurricane late in the growing season destroyed the entire sugar cane crop.

Economics

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The behavior of an individual perfectly competitive firm has a perceptible influence on the market price

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

Economics

Which of the following is a true statement?

A. Innovation normally follows invention and precedes diffusion. B. Invention normally follows diffusion and precedes innovation. C. Diffusion normally follows invention and precedes innovation. D. Innovation normally follows diffusion and precedes invention.

Economics