One country will have a comparative advantage over another if its production possibilities
a. frontier is higher
b. curve has a different slope.
c. curve lies closer to the origin.
d. curve lies farther from the origin.
b
Economics
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The Solow residual attempts to measure the amount of output not explained by
A) technological progress. B) the direct contribution of labor and capital. C) economic projections. D) the amount of a nation's human capital.
Economics
One of the problems with the definition of economic growth is that
A) it overstates economic growth because it does not account for leisure time. B) it does not account for the distribution of income. C) it overstates economic growth because it does not account for the reduction in work time. D) it understates economic growth because it does not account for the reduction in work time.
Economics