A. private sector imports and exports
B. economic policy
C. the duration of compulsory education
D. labor supply changes
A. accounting profit will exceed economic profit
B. economic profit will always be zero
C. economic profit will exceed accounting profit
D. accounting profit will always be zero
E. economic profit and accounting profit will be equal
A. embargoes
B. tariff-rate quotas
C. voluntary export restraints
D. nontariff barriers
A. supply curve of capital
B. demand curve for capital
C. production function
D. marginal cost curve
A. Australia
B. Argentina
C. China
D. Cuba
A. 10
B. 2
C. no more than 1
D. 20
A. The industrial policies of governments
B. different sizes of the countries
C. different factor endowment between countries
D. the different tastes and preferences of people in different countries