Your purchase in a downtown Cincinnati leather shop of an Italian-made Gucci purse would be classified in the U.S. GDP accounting as
a. an addition to inventory
b. an investment good
c. a domestic good
d. an import
e. an export
D
Economics
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It is possible to have an absolute advantage in producing a good or service without having a comparative advantage
Indicate whether the statement is true or false
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Positive statements are descriptive, while normative statements are prescriptive
a. True b. False Indicate whether the statement is true or false
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