If a nation has no absolute advantage, then it
A) cannot gain from trade.
B) still gains from trade.
C) can only gain from trade if it raises its productivity levels.
D) can only gain from trade if it produces outside its production possibilities curve.
B
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Explain what factors determine how much investment is required to maintain a given level of capital per effective worker
What will be an ideal response?
Country A's tax system is more efficient than Country B's tax system if
a. Country A collects less tax revenue than Country B, and the cost to taxpayers is the same in both countries. b. Country A collects more tax revenue than Country B, even though the cost to taxpayers is greater in Country A than in Country B. c. the same amount of revenue is raised in both countries, but the cost to taxpayers is smaller in Country A than in Country B. d. the same amount of revenue is raised in both countries, but the taxes are collected in a shorter amount of time in Country A than in Country B.