The United States has no comparative advantage in shipping, so a domestic shipping industry has no reason to exist
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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What is the opportunity cost of investing $10,000 of your own money in a business you wish to start?
What will be an ideal response?
Economics
A normative economic statement is
a. a statement of fact b. a statement of opinion which advocates a particular position c. not acceptable in the economics profession d. the only acceptable manner to present economic information e. a statement based upon government-supplied information
Economics