Opportunity cost theory suggests that a nation has
A) A comparative advantage in the good with the lower opportunity cost.
B) An absolute advantage in the production of the good with the lowest opportunity cost.
C) No advantage in the production of any good with an opportunity cost.
D) None of the above.
Answer: A
Economics
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A bank has reserves of $50, deposits of $100, loans of $20, and government securities of $30. Assume the desired reserve ratio is 20 percent
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