Is the equilibrium efficient?
a. Yes, since they are both maximizing the utility
b. No, since they could both get more utility
c. One should keep the house clean
d. None of the above
b
Economics
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Differences in human capital are usually large and easily observable
Indicate whether the statement is true or false
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The logic of why international trade increases well-being is
A. a major revision of the logic of why trade within a country increases well-being. B. completely different from the logic of why trade within a country increases well-being. C. a narrow, special case of the logic of why trade within a country increases well-being. D. no different from the logic of why trade within a country increases well-being.
Economics