A country must have absolute advantage in a good in order to have comparative advantage in that good

Members of the Board of Governors serve

A) fourteen year terms. B) four-year terms. C) at the discretion of the Federal Reserve Chairman. D) at the discretion of the President of the United States.

If children go to school and become productive members of society

A) a negative externality is created by the schools. B) a positive externality is created by the schools. C) no externality is created by the schools. D) an externality is created that may be positive or negative.