If Target were to merge with Wal-Mart, this would be referred to as a(n)

Comparative advantage is most closely related to which of the following concepts?

A) efficiency B) opportunity cost C) fairness D) productivity E) competition

Of the many arguments in favor of tariffs, the one that has enjoyed significant economic justification has been the

A) cheap foreign labor argument. B) infant industry argument. C) even playing field argument. D) balance of payments argument. E) domestic living standard argument.