Specialization according to comparative advantage, followed by trade, allows everyone to acquire more of the goods they want.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Prices communicate information about relative availability of products. For example, a decrease in the price of corn signals to consumers and producers that:
a. consumers are buying more corn than before.
b. corn is relatively more abundant than before.
c. corn is relatively less abundant than before.
d. consumers are stocking up on corn because of the predictions of a cold winter.
Colonial Trade with England, 1700–1774
American Foreign Trade, 1790–1812
New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f
Multigroove adjustable pliers are known by many names, including the trade name Channel Locks®.
Comparative substrate cycles in glycolysis/gluconeogenesis
Growth of World Trade, 1870–2010