What happens if a country chooses to specialize in a product in which it has an absolute advantage over others but in which it does not have a comparative advantage?
a. Such a situation cannot exist in reality.
b. Nobody will buy the products it makes because the imports will be cheaper.
c. By specializing in a product in which it has an absolute advantage, this country will still be able to maximize its profits.
d. The country will use its resources inefficiently.
Ans: d
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Statewide, Republican candidates tend to focus on earning support among
a. teachers. b. African-Americans. c. Latinos. d. business people. e. labor organizations.
The Bill of Rights guarantees rights of the people to peaceably assemble, but the Supreme Court has allowed local governments to do which of the following?
A. Regulate the size of any and all assemblies, on public or private property B. Limit the duration and loudness of demonstrations, allowing officials to eliminate business disruptions C. Prohibit demonstrations by religious or hate groups D. Require permits for parades and demonstrations, allowing officials to control traffic or prevent demonstrations from turning into riots E. Prohibit demonstrations staged in religious enclaves