One country has an absolute advantage over another country if it can produce a good using smaller quantities of resources
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Refer to Scenario 14.4. Suppose that a pollution tax is imposed on each unit of a firm's output. The number of workers hired
A) will decrease. B) will increase. C) will not change. D) will change in an indeterminate fashion.
Economics
If the quantity of potatoes demanded rises 2 percent when the price of potatoes declines 10 percent, then the price elasticity of demand is:
a. -0.2 b. -1 c. -2 d. -10
Economics