The primary flaw in the theory of absolute advantage is that the theory ________
A) confuses the acquisition of treasure with the acquisition of wealth
B) looks only at relative productivity differences rather than competitive differences
C) suggests that no trade will occur when one country has an absolute advantage in multiple products
D) incorporates the concept of opportunity cost in determining which goods a country should produce
C
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Suppose a company issues new shares and holds the money in cash (earning 0%). What happens to earnings-per-share this year compared to last assuming the same amount of profits?
a) falls b) rises c) stays the same
Title ________ of the National Environmental Policy Act requires the preparation of an Environmental Impact Statement (EIS) for every major legislative proposal or agency action that would have a significant impact on the quality of the human
environment. A) I B) II C) III D) IV