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Author Question: The term import refers to: a. a purchase of goods or services from another country. b. a business ... (Read 135 times)

Marty

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on: Jun 30, 2018
The term import refers to:
 a. a purchase of goods or services from another country.
  b. a business transaction between two or more domestic firms.
  c. a sale of goods or services to another nation.
  d. a tax on foreign merchandise.
  e. a trade agreement between two industrial countries.

Question 2

If additional units of output could be produced at constant opportunity cost, the production possibilities curve would be:
 a. bowed inward toward the origin.
 b. bowed outward away from the origin.
  c. positively sloped.
 d. a straight line with a negative slope.


sierramartinez

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


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Marty

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Reply #2 on: Jun 30, 2018
Thank you


sierramartinez

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Reply #3 on: Jun 30, 2018
No problemo


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