What is owner's equity?

a. What a company owes
b. What is left after the liabilities are satisfied
c. What a company owns
d. None of these

b. What is left after the liabilities are satisfied

Economics

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The concept of ________ explains how trade between two countries can make each better off

A) absolute advantage B) autarky C) trade barriers D) comparative advantage

Economics

Refer to Table 2-19. What is Wilma's opportunity cost of making a bench?

A) 3 statues B) 1/2 of a bench C) 1.3 statues D) 1/3 of a statue

Economics