What are the two characteristics that are essential to economic analysis of invention?

A. Fixed costs and public goods
B. Fixed costs and private goods
C. Variable costs and public goods
D. Variable costs and private goods

Answer: A

Economics

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What does it mean for a nation to have an absolute advantage in producing a product?

What will be an ideal response?

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Regulation in a city or town that designates separate areas for residency and business:

a. commerce zone boundaries b. business franchise c. zoning law d. Stockholm boundaries e. business license

Economics