Comparative advantage is related most closely to which of the following?
a. output per hour
b. opportunity cost
c. efficiency
d. bargaining strength in international trade
b
Economics
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Which of the following is NOT an assumption of marginal utility theory?
A) People derive utility from their consumption. B) More consumption yields more total utility. C) Marginal utility diminishes with more consumption. D) Utility can be measured and the units of utility are precisely defined.
Economics
A contract that requires the investor to buy securities on a future date is called a
A) short contract. B) long contract. C) hedge. D) cross.
Economics