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True or False Quiz
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1
A situation where a government does not attempt to restrict what its citizens can buy from another country or what they can sell to another country is called absolute advantage.
A)True
B)False
2
Tariffs reduce the overall efficiency of the world economy.
A)True
B)False
3
The important thing to understand about a tariff is that the government and consumers gain, while domestic producers suffer.
A)True
B)False
4
Resources DO always move easily from one economic activity to another.
A)True
B)False
5
Economists Jeffrey Sachs and Andrew Warner determined in a study that open economies grow less than closed economies.
A)True
B)False
6
It is never in the national interest when a government intervenes in the economy.
A)True
B)False
7
Porter’s theory of national competitive advantage also contains policy implications.
A)True
B)False





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