It has been generally observed that most trade in the world ...

[Sufayan.ah]

It has been generally observed that most trade in the world occurs between a developed and a less-developed nation rather than between industrial or developed nations.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

How do price controls undermine the market as a communication device?

[peilian]

Answer to Question 1

False

Answer to Question 2

The imposition of price controls (which restrict prices above or below market clearing prices) sends incorrect signals to both consumers and producers about the relative scarcities of goods and services.

[Sufayan.ah]

Thanks for the timely response, appreciate it

[bblaney]

Gracias!