Economists view free trade as a way to raise living standards both at home and abroad

Are abundant natural resources good or bad for economic growth?

Firm A produces and sells in a market that is characterized by highly differentiated consumer goods. Firm B produces and sells industrial products. Firm C produces and sells an agricultural commodity. Which firm is likely to spend the greatest portion of its total revenue on advertising?

a. firm A b. firm B c. firm C d. There is no reason to believe that any one of the three firms would spend a greater portion of its total revenue on advertising than the other two firms.