Comparative advantage stems from a difference in
A. relative efficiency.
B. absolute efficiency.
C. natural endowment.
D. tastes of consumers.
A. relative efficiency.
Economics
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The network of suppliers needed to make a particular product is known as
A. the supply chain. B. net exports. C. the nonmarket economy. D. the network externality.
Economics
The opportunity cost of owning a car is
A. the price of the car. B. filling the tank twice a week. C. the cost of getting your car inspected once a year. D. the vacation to Hawaii you had to give up in order to make your car payments.
Economics