STP Is Defined as a Pressure of Exactly One Atmosphere

question 51

True/False

STP is defined as a pressure of exactly one atmosphere and a temperature of 25 °C.

---

Definitions:

Free Trade

The elimination of tariffs, quotas, and other trade barriers between countries to allow for the unrestricted exchange of goods and services.

Autarky Price

The price of goods in a closed economy that does not engage in international trade.

Domestic Supply

The total amount of goods and services produced within a country that is available for purchase.

Domestic Demand

The total demand for goods and services within a country's borders, excluding exports and including imports.