Macroeconomics. Evaluate the statement
"Physical obstacles like bad roads and stormy weather increase transaction costs and thereby reduce the volume of trade. Tariffs, quotas, exchange rate controls, and other policy-related trade reductions have similar effects."
Evaluate the statement. Is it true or not. Why or why not?
Evaluate the statement. Is it true or not. Why or why not?
(edited 10 years ago)
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