Microeconomics deals with the analysis of all of the following issues except
a. wage determination of carpenters
b. unemployment during the Great Depression
c. how Ford prices its cars
d. the decision a college student makes concerning his or her consumption
e. how monopoly and competitive markets differ
B
Economics
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The basis for free trade is the concept of
A) absolute advantage. B) differences in natural resources and climate. C) differences in nominal wages. D) comparative advantage.
Economics
A point outside a production possibilities curve reflects
a. efficiency b. specialization c. inefficiency d. unemployment e. an unattainable choice
Economics