What condition(s) must exist to make trade among nations mutually beneficial?
a. Nations must have the same opportunity costs of production.
b. Nations must not impose tariffs or quotas.
c. Nations must be equally efficient at producing a traded good.
d. Nations must have an absolute advantage in the production of a good.
e. Nations must have a comparative advantage in the production of a good.
E
Economics
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a. 0.25. b. 0.50. c. 1.25. d. 2.0.
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In representative democracy, voters are ____________ and politicians are ______________
A. agents; principals B. logrollers; principals C. agents; employees D. principals; agents
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