A Nation Will Import a Particular Product If the World

question 71

True/False

A nation will import a particular product if the world price is less than the domestic price.

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Definitions:

Binomial Coefficient

A value that represents the number of ways to choose a specified number of elements out of a set, often expressed as "n choose k".

Sum

The result of adding two or more numbers or quantities.

Binomial Theorem

A fundamental theorem in algebra that describes the algebraic expansion of powers of a binomial. According to the theorem, it's possible to expand the polynomial u200b\( (a + b)^n \)u200b into a sum involving terms of the form u200b\( a^k b^{n-k} \)u200b.

Expand

In mathematics, to rewrite an expression or equation in an extended form by distributing or multiplying out brackets.