Refer to Table 2-16. Does either Estonia or Finland have an absolute advantage and if so, in what product?
A) Estonia has an absolute advantage in lumber.
B) Finland has an absolute advantage in lumber.
C) Estonia has an absolute advantage in cell phones.
D) Finland has an absolute advantage in both products.
D
Economics
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In the long run, monopolistically competitive firms make zero economic profit because of
A) excess capacity. B) product variety. C) easy entry and exit. D) government regulation.
Economics
If you sell a $100,000 interest-rate futures contract for 105, and the price of the Treasury securities on the expiration date is 108, your ________ is ________
A) profit; $3000 B) loss; $3000 C) profit; $8000 D) loss; $8000
Economics