People specialize in activities in which they have a comparative advantage
A) if they know they are more productive than anyone else in the particular activity.
B) only if they understand the logic of comparative advantage.
C) when they expect to obtain more of whatever they want by doing so.
D) only when all of the above are true.
C
Economics
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In theory, any object ________ could play the role of fiat money
A) in unlimited supply B) for which demand is limited C) in limited supply D) that has an unlimited demand
Economics
The following data represent a personal income tax schedule. Answer the question on the basis of this information. Refer to the below table. As income increases, the average tax rate:
A. Increases
B. Decreases
C. Remains constant
D. Has no definite pattern
Economics