The ability of a firm or country to produce a good or service at a lower opportunity cost than other producers is called absolute advantage

To compute GDP:

A) simply sum the number of final goods and services. B) sum the cost of producing final goods and services. C) use a weighted average by a survey regarding how much people value different goods and services. D) sum the market values of final goods and services.

Spontaneous order is an idea of:

a. Keynes b. Schumpeter c. Marx d. Lange e. None of the above