Figure 3-5 Personal Computer Industry Market Shares Assume the following correctly shows the market shares of the five firms in the market: Firm
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What is the difference between numbers in nominal terms and real terms?
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Which of the following statements is NOT true regarding specialization in the real world economy?

Which of the following statements is NOT true regarding specialization in the real world economy?Governments tend to be less interested in international trade as a source of revenue. Nations utilize more than one factor production. Countries often protect industries from foreign competition. Transportation costs can cause export costs to exceed gains from trade. .

 

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