The Heckscher-Olin model uses differences in factor abundance to determine whether any nation has a comparative advantage in any good

Returns to monopsony power occur because the wage rate < MRP for the last worker hired

Indicate whether the statement is true or false

At an annual interest rate of 14 percent, about how many years will it take $100 to double in value?

a. 3 b. 4 c. 5 d. 7