If a country has absolute advantage in the production of all goods, then it will have no incentive to trade

Indicate whether the statement is true or false

F

Economics

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The prisoner's dilemma demonstrates that

a. breaking out of prison may be too costly for most prisoners b. the opportunity cost of being a prisoner is indeterminate c. the dominant strategies followed by two prisoners may lead to disequilibrium that is unpredictable d. the weak strategy may be followed by both prisoners if the opportunity cost is low e. the dominant strategies followed by two players may lead to an equilibrium that is less not optimal for both players together

Economics

If a resource is unemployed, it

a. is also underemployed b. is utilized, but not in its most productive employment c. is not utilized d. is not counted as a resource for the economy e. must be a labor resource

Economics