Individuals who have never been the best at doing anything
A) cannot have a comparative advantage in producing any product.
B) perform all tasks at a higher opportunity cost than others.
C) can still have a comparative advantage in producing some product.
D) must have an absolute advantage in at least ones task.
C
Economics
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If in the market for bananas the supply curve has shifted to the right, then
A) the supply of bananas has decreases. B) the quantity of bananas supplied has decreased. C) the quantity of bananas supplied has increased. D) the supply of bananas increased.
Economics
If there are five firms in an industry, each with a market share of 20 percent, the Herfindahl-Hirschman Index (HHI) of concentration is
A) 2000.
B) 400.
C) 100.
D) 20.
Economics