Comparative advantage implies that you
A. can produce a good or service at a lower opportunity cost.
B. can produce goods with more human resources.
C. can produce more units of a good or service than another.
D. can produce goods with more capital resources.
Answer: A
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Which of the following statements is FALSE?
A) Fiscal policy is the attempt to influence the economy using taxes, transfer payments, and government expenditures. B) Government expenditure affects aggregate demand directly because government expenditure is a component of aggregate demand. C) Taxes and transfer payments affect aggregate demand by changing disposable income. D) An increase in disposable income leads to a decrease in aggregate demand.
A private investment firm that holds a portfolio of securities is called a mutual fund
a. True b. False Indicate whether the statement is true or false