According to the law of comparative advantage,
What will be an ideal response?
each product should be produced by the lowest opportunity cost producer in order to
maximize output.
Economics
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Maximizing output by following the principle of comparative advantage requires
a. specialization only b. exchange only c. both specialization and exchange d. neither specialization nor exchange e. either specialization or exchange, but not both
Economics
The purchase of a virtual item from an online company with a virtual currency causes the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to remain the same.
Economics