Which of the following is true?
a. A nation cannot have a comparative advantage in the production of every good
b. A nation cannot have an absolute advantage in the production of every good.
c. A nation can have a comparative advantage in the production of every good, but not an absolute advantage.
d. A nation can have a comparative advantage in the production of a good only if it also has an absolute advantage.
a
Economics
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One criticism of the unemployment rate is that it
A) is a stock measure. B) does not include people who are not working and are not looking for work. C) does not include the number of discouraged workers as unemployed. D) counts a new entrant that is actively seeking work as unemployed.
Economics
The ________ is the most popular dominant currency that countries fix their currency against
A) Swiss franc B) U.S. Dollar C) SDR D) Euro
Economics