The human skills theory is similar to the factor abundance theory of explaining the source of comparative advantage, except that the former concentrates only on different aspects of labor
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following should be increased during an expansion?
A) Government spending B) Unemployment C) Inflation D) Tax rates
Economics
In the scenario above, in Nash equilibrium
A) both firms cheat to produce more than the agreed amount. B) both firms comply with the agreement. C) one firm complies with the agreement while the other cheats to produce more than the agreed amount. D) both firms cheat to produce less than the agreed amount.
Economics