Countries import goods in which they have:
a. an absolute advantage.
b. a comparative advantage.
c. a reputation for good product quality.
d. a comparative disadvantage.
e. a surplus domestic production.
d
Economics
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The study of the decisions of individual units in the economy is known as
A) macroeconomics. B) microeconomics. C) the study of incentives. D) ceteris paribus study.
Economics
The tendency for the poorest risks to buy health insurance and the tendency of the insured to take more risks with their health are known as moral hazard and adverse selection, respectively
a. True b. False
Economics