To maximize worldwide gains from trade, the country that should produce a good is the country that
a. has the lowest opportunity cost of producing it
b. can produce that good using the fewest resources
c. will produce that good using the most expensive resources
d. has the most desire for that good
e. has produced that good in the past
A
Economics
You might also like to view...
Based on the information above, video games have
a. A unit elastic demand curve b. A inelastic demand curve c. A elastic demand curve d. A perfectly elastic demand curve
Economics
Assets minus liabilities equals
A) accounting profit. B) economic profit. C) net worth. D) implicit costs.
Economics