In our simple trade model, having a comparative advantage in a product implies that a country will specialize completely in the product

A) with the highest opportunity cost.
B) with the lowest opportunity cost.
C) where total output is lower per worker-hour.
D) where total output is greater per worker-hour.

B

Economics

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In general, the more parties there are to a negotiation, the more difficult it becomes to successfully reach an agreement with all parties

Indicate whether the statement is true or false

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By discriminating between the consumers, the monopolist actually takes away a portion of the consumer surplus

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

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