When a person possesses a comparative advantage in the production of one good or service, it:
a. means that the person's opportunity cost of producing that good or service is higher than for that of other goods.
b. discourages specialization
c. promotes greater self-sufficiency.
d. permits gains from trade to be realized due to a more efficient use of resources.
d
Economics
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A positive externality results when
A) economists are sure that a good or service provides benefits to consumers. B) someone pays for a good or service even though she is not directly affected by the production or consumption of it. C) people who live in one country benefit from the production of a good or service that occurs in another country. D) people who are not directly involved in producing or paying for a good or service benefit from it.
Economics
Explain the three channels economists have identified through which quantitative or credit easing may affect the economy
What will be an ideal response?
Economics