According to the law of comparative advantage, a doctor who is also a talented auto mechanic should

a. get a part-time job at a gas station.
b. do her own auto repairs and those of her neighbors.
c. hire a professional mechanic to repair her car.
d. only repair the cars of other doctors.

c

Economics

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Refer to Figure 10.9. Other things equal, a negative demand shock is best represented as a change in equilibrium from

A) point A to point B. B) point A to point D. C) point C to point B. D) point C to point D.

Economics

Some oligopolies may try to maximize sales revenue rather than maximize profits

a. True b. False Indicate whether the statement is true or false

Economics