What is the difference between quantity supplied and supply?
What will be an ideal response?
Quantity supplied is the amount that people are willing to sell during a specific period for a specific price. It deals with one quantity at one price. Supply is the relationship between the quantity supplied and the price of the good. Supply applies to various prices and various quantities.
Economics
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How have government inefficiencies contributed to the creation of dead capital in the world's developing nations?
What will be an ideal response?
Economics
________ is the ability to produce more of a good or service than competitors when using the same amount of resources
A) Comparative advantage B) Trade autarky C) Trade superiority D) Absolute advantage
Economics