It seems self evident that countries would have an advantage in producing those goods that use relatively large amounts of their most abundant factor of production

The purpose of the IMF is to

a. make short-term loans to countries facing balance of payments problems b. help governments combat their inflation c. fix exchange rates d. administer the foreign exchange market e. buy and sell IMF bonds to keep the world's currencies in equilibrium

Distinguish between the economist's definition of profit and the accountant's definition. Which is superior for decision making?