Goods and services purchased from abroad are _____, while goods and services sold abroad are _____.
A) exports; imports
B) imports; exports
C) exports; quotas
D) quotas; factors
Correct Answer:
Verified
Q1: Over the past 50 years in the
Q2: On a production possibility frontier,opportunity cost is:
A)the
Q5: The United States must give up the
Q9: Production possibility frontiers:
A)illustrate the production choices available
Q10: As measured by a percentage of the
Q12: In a single year,the Netherlands can raise
Q14: France and England both produce wine and
Q15: In a single year,the Netherlands can raise
Q16: In a Ricardian model of international trade,the
Q18: Britain must give up the production of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents