Control of a scarce resource or input can serve as an entry barrier.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which of the following statements, in the context of U.S. exports, is true?
a. The U.S. exports products produced in the low wage industries.
b. Primary products account for the largest share of U.S. exports to developed nations.
c. The U.S. mainly exports labor intensive goods.
d. Most U.S. exports are produced in high-wage industries.
e. A bulk of U.S. exports to developing nations comprise of perishable commodities.
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