What matters most in determining the efficient distribution of production over the world is
a. absolute advantage
b. efficiency.
c. the stock of resources.
d. comparative advantage.
d
Economics
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From 1800-1860 which part of the nation most supported high tariffs?
a. Southeast. b. New England. c. Southwest. d. Far Western States.
Economics
The profit-maximizing firm should continue hiring additional labor as long as: a. MRC < MRP
b. MRC > MRP. c. MRC = MRP. d. the MP of labor > 0.
Economics