Two nations, Alpha and Beta, can both produce steel. Alpha has a comparative advantage in the production of steel if it:
A. Can produce more steel than Beta
B. Uses more steel than Beta
C. Has a higher domestic opportunity cost of producing steel than Beta
D. Has a lower domestic opportunity cost of producing steel than Beta
D. Has a lower domestic opportunity cost of producing steel than Beta
Economics
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When an individual who has not been working but has been looking for work decides to terminate the search process, the official unemployment rate
A) will fall. B) will rise. C) will remain unchanged. D) may fall or rise depending on whether or not the individual resumes his education.
Economics
Which of the following is an example of human capital?
A) a computer B) a college education C) a factory building D) a software program
Economics