According to this theory, efficiency and the general economic welfare are optimized when each country produces that for which it enjoys a cost advantage.
A. The marginalist theory
B. The Doctrine of Protectionism
C. "Buy American" laws
D. The law of comparative advantage
Answer: D. The law of comparative advantage
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a. little demographic selectivity b. high individual market coverage c. year-round readership d. absence of geographic selectivity
A court judgment was rendered against a county in which they were ordered to pay $500,000 in equal installments over a five-year period to the plaintiff. The county's General Fund will
A. Report a fund liability of $500,000 in Year 1. B. Report expenditures of $500,000 in Year 1. C. Report expenditures of $100,000 in Year 1. D. Report expenditures of $100,000 in Year 1 and a fund liability of $400,000.