Refer to the diagram of the market for money. The equilibrium interest rate is:

A firm might prefer to choose a salary system rather than a commission or piece-rate system of compensation when there are concerns about output quality

Indicate whether the statement is true or false

If a country has a lower opportunity cost of producing oranges, then this is:

a. inefficient resource use. b. an absolute advantage. c. a tariff. d. a comparative advantage. e. a situation where oranges should be imported.