China has developed a comparative advantage in the production of children's toys. The source of this comparative advantage is
A) superior process technology.
B) a large supply of natural resources.
C) a large supply of unskilled workers and relatively little capital.
D) investment in capital used to produce toys.
C
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In the generalized dividend model, a future sales price far in the future does not affect the current stock price because
A) the present value cannot be computed. B) the present value is almost zero. C) the sales price does not affect the current price. D) the stock may never be sold.
An increase in the demand for HDTV sets leads to an increase in demand for LCD and LED TV screens. This situation arises because:
A. LCD and LED screens minimize the costs of production B. The supply of LCD and LED screens has decreased C. The demand for LCD and LED screens is a derived demand D. Of foreign production of LCD and LED screens