Adam Smith developed the theory of comparative advantage as we know it today
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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In the above figure, what is the magnitude of the marginal rate of substitution (MRS) at point a?
A) 1/2 B) the rate at which the consumer will give up magazines to purchase more CDs while preferring the new combination to the old C) 2 D) The question cannot be answered without more information.
Economics
The two nations that have gone furthest with "universal banking" are
A) the United States and the United Kingdom. B) the United Kingdom and Germany. C) Germany and Japan. D) the United States and Japan.
Economics