What is the marginal cost rule of specialization?
The marginal cost rule of specialization states that an individual/economy should specialize in the production of the good in which the individual's/country's marginal cost of production is lower.
Economics
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The largest component of income is proprietors' income
Indicate whether the statement is true or false
Economics
What type of economic conditions are summarized by the variable a?
A) conditions other than changes in capital and labor that change productivity B) urbanization C) governmental regulations D) All of the above
Economics