Multiple Choice
An assumption an economist might make while studying international trade is
A) there are only two countries.
B) countries only produce two goods.
C) technology does not change.
D) All of the above are possible assumptions.
Correct Answer:
Verified
Correct Answer:
Verified
Q184: In the simple circular-flow diagram,<br>A)households own the
Q185: The country of Gerance produces two goods,cars
Q186: Which of the following statements applies to
Q187: The simple circular-flow diagram is a model
Q189: Figure 2-10<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-10
Q190: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-2
Q191: A macroeconomist - as opposed to a
Q192: In the circular-flow diagram,<br>A)firms are buyers in
Q193: The circular-flow diagram is a<br>A)visual model of
Q239: In the markets for goods and services