Trading French wine for California wine is an example of intraindustry trade
Indicate whether the statement is true or false
TRUE
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Having a comparative advantage means a nation can
A) benefit from trade. B) produce at a higher opportunity cost. C) produce more of the good. D) produce without incurring an opportunity cost. E) produce the good at a point beyond its PPF.
PriceQuantity Demanded$01,000$1400$2200$3100$425 Refer to the table, which shows the number of MP3 downloads demanded per month for the students at a certain university. Which of the following statements does NOT explain why the quantity demanded was not higher for a price of $0?
A. People would rather pay for the downloads. B. MP3s take up space on a computer's hard drive. C. There are only so many songs that people want to listen to. D. Downloading an MP3 takes time.