Which of the following would shift a firm's short-run cost curves downward?
a. an advance in technology
b. an increase in employees' wages
c. an increase in the demand for the firm's product
d. an increase in excise taxes levied on the firm's product
A
Economics
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What will be an ideal response?
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The Ricardian proposition that international trade will benefit any country ("gains from trade") as long as the world terms of trade do not equal its autarkic relative prices is a straightforward and powerful concept
Nevertheless, it is impossible to demonstrate empirically. Why?
Economics