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Author Question: It has been generally observed that most trade in the world occurs between a developed and a ... (Read 78 times)

Sufayan.ah

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on: Jun 30, 2018
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?


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peilian

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Reply #1 on: Jun 30, 2018
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

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

mcabuhat

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Reply 3 on: Yesterday
:D TYSM

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