If England buys hockey sticks from Canada, then:
A. England has an absolute advantage over Canada in making hockey sticks.
B. Canada has an absolute advantage over England in making hockey sticks.
C. England has the comparative advantage over Canada in making hockey sticks.
D. Canada has the comparative advantage over England in making hockey sticks.
D. Canada has the comparative advantage over England in making hockey sticks.
Economics
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If average product is decreasing, then marginal product must be negative
Indicate whether the statement is true or false
Economics
Dividing the change in total revenue by the change in labor gives:
a. marginal product of labor. b. marginal revenue product of labor. c. the price of the output. d. demand for the output. e. economic efficiency.
Economics