Banks are most dominant in the financial markets of ________

For a product with external benefits that is produced in a competitive, unregulated market, how can the resulting market output be described?

A) underproduction compared to the efficient level B) overproduction compared to the efficient level C) production equals the efficient level D) Underproduction or overproduction are both possible depending on whether the external benefit is to consumption or production. E) None of the above is correct.

If a country has a comparative advantage in producing a product, it must also have an absolute advantage in producing that product

Indicate whether the statement is true or false