Write the following statements as TRUE or FALSE. 1. Exports are the goods, which a country buys from other countries.
2. Pakistan's imports are mainly oil and chemicals,
3. Cotton seeds are first removed in gin machine.
4. Pakistan generally has low-quality iron.
5. Limestone is the raw material for making cements.
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What does the ricardian theory state? a. countries should produce all goods and services if they canb. countries should not produce goods and services that minimize opportunity costsc. countries should import goods and services if they are cheaper in other countriesd. countries should export all goods and services if they make a profit