When total product is rising
A. marginal product must be negative.
B. marginal product must be positive.
C. fixed cost must be rising.
D. variable cost must be declining.
Answer: B
Economics
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Comparative advantage implies that a country will
A) import those goods in which the country has a comparative advantage. B) export those goods in which the country has a comparative advantage. C) find it difficult to conclude free trade agreements with other nations. D) export goods produced by domestic industries with low wages relative to its trading partners.
Economics
What kinds of domestic policies, short of significant debt reduction, can be followed to alleviate a debt crisis? How effective have these policies been?
What will be an ideal response?
Economics