Author Question: The comparative advantage theory holds that a country will gain from trade even though it can ... (Read 67 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
The comparative advantage theory holds that a country will gain from trade even though it can produce all goods more efficiently than other countries.
 
  Indicate whether the statement is true or false

Question 2

In the foreign-exchange market, the bid is the rate at which ________.
 
  A) the trader is willing to sell foreign exchange
  B) the buyer is willing to swap foreign exchange
  C) the trader is willing to buy foreign exchange
  D) the trader earns a profit

Question 3

In societies where trust is high, there tends to be a lower cost of doing business.
 
  Indicate whether the statement is true or false


DHRUVSHAH

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

TRUE

Answer to Question 2

Saved me massive time.

Answer to Question 3

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

For a complete list of videos, visit our video library