You have an absolute advantage whenever you
A) are better educated than someone else.
B) can produce something at a lower opportunity cost than others.
C) prefer to do one particular activity.
D) can produce more of something than others with the same resources.
D
Economics
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The Federal Reserve ___
a. oversees the US banking system b. determines the size of M1 and M2 and sets US interest rates c. is the central bank of the US d. all
Economics
In game theory, a Nash equilibrium is the set of strategies each of the players chooses by selecting the strategy that maximizes her payoff independent of what the other players might choose
Indicate whether the statement is true or false
Economics