Refer to Table 7-3. Select the statement that accurately interprets the data in the table
A) Mateo has an absolute advantage in making spurs.
B) Mateo has an absolute advantage in making saddles and Celeste has an absolute advantage in making spurs.
C) Celeste has an absolute advantage in making saddles.
D) Mateo has an absolute advantage in making spurs and Celeste has an absolute advantage in making saddles.
C
Economics
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Rent seeking is inefficient logrolling leads to a misallocation of resources
a. True b. False
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Which of the following could cause the supply curve of labor to shift to the right?
a. an increase in wealth b. a decrease in population c. a decrease in wages d. an increase in employment opportunities e. an increase in the wage rate
Economics