Which of the following statements is NOT true? O the benefits of economic growth may be passed on to foreigners in the form of lower prices for the country's exports rather than retained at home. economic growth in the rest of the world means larger markets for our exports and lower prices for our imports. O economic growth in one country has no impact on other countries during open trade. O growth in an economy's production capacity should be more valuable when that country can sell some of its increased production to the world market. economic growth in other countries may mean increased competition for our exporters and domestic producers.

Which of the following statements is NOT true? O the benefits of economic growth may be passed on to foreigners in the form of lower prices for the country's exports rather than retained at home. economic growth in the rest of the world means larger markets for our exports and lower prices for our imports. O economic growth in one country has no impact on other countries during open trade. O growth in an economy's production capacity should be more valuable when that country can sell some of its increased production to the world market. economic growth in other countries may mean increased competition for our exporters and domestic producers.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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