In recent decades,
A) trading in financial futures declined in importance relative to trading in agricultural and mineral commodities futures.
B) trading in financial futures increased in importance relative to trading in agricultural and mineral commodities futures.
C) trading in agricultural and commodities futures was discontinued.
D) trading in financial futures was discontinued.
B
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Today, you might be buying from a regulated natural monopoly when you purchase
A) a car, a truck, or a bicycle. B) a computer, a phone, or a camera. C) natural gas or electricity. D) a house, a condominium, or a plot of land. E) food in a grocery store or in a restaurant.
The ability of a firm or country to produce a good or service at a lower opportunity cost than other producers is called comparative advantage
Indicate whether the statement is true or false