Based on the theory of comparative advantage, nations maximize their well being when they
A) create more jobs.
B) allocate resources more efficiently.
C) increase trade surpluses.
D) increase exports.
B
Economics
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When economists study the interactions of different people, the focus of their studies is on
A) inequality of wealth. B) many different individual plans that must be coordinated. C) not enough jobs for everyone who wants one. D) people's excessive attachment to their own interests. E) too many dollars chasing too few goods.
Economics
Despite the improvements in information technology, productivity growth since 2006 has fallen to an even lower rate than during the period of slow growth from the mid-1970s to the mid-1990s
Indicate whether the statement is true or false
Economics