The United States imports t-shirts because
A) the United States must import goods and services from other countries so that they can develop economically.
B) the United States has a lower opportunity cost of production.
C) foreign nations have a lower opportunity cost of production.
D) it is a dangerous job to produce them.
E) foreign economies have an absolute advantage in their production.
Correct Answer:
Verified
Q53: If the United States imposes a tariff
Q54: When a nation starts importing a good
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I. When