A producer is said to have an absolute advantage in the production of a good when:
A) the producer can produce more units of the good per hour than another producer.
B) the producer has a lower opportunity cost than another producer.
C) the producer has a higher opportunity cost than another producer.
D) the producer can sell the good at a higher price than another producer.
A
Economics
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How do liberals believe globalization affects poor countries?
a. makes them wealthier and more able to provide services b. prevents them from playing a role in the financial system c. leaves them at the mercy of powerful neighboring countries d. robs them of all their natural resources
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In the Keynesian model, an unwanted decrease in inventories leads to
A) falling interest rates. B) rising unemployment. C) rising output. D) falling money wages.
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