Most theories of comparative advantage explain trade patterns due to international differences in
A) demand conditions.
B) supply conditions.
C) demand and supply conditions.
D) tariffs.
B
Economics
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Explain why both rich and poor people experience scarcity
What will be an ideal response?
Economics
When the economy goes into recession, the biggest increase in unem-ployment is _________
A. structural because jobs are lost in most states B. cyclical because jobs are lost in many industries as they cut production C. frictional because the creation of jobs slows D. the combination of structural and frictional as few new jobs are created.
Economics