The Heckscher-Olin model uses differences in factor abundance to determine whether any nation has a comparative advantage in any good
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If a firm is a profit maximizer and faces positive marginal costs,
A) there is a natural limit to the size of the firm, where MR = 0. B) there is no natural limit to the size of the firm; it can be as large as it wants to be. C) there is a natural limit to the size of the firm, where MR > 0. D) there is no natural limit to the size of the firm, hence the need for government regulation.
Economics
President Nixon once proclaimed that he followed the __________ school of economics.
Fill in the blank(s) with the appropriate word(s).
Economics