Under international trade we export those goods for which we have a relatively low

A. materials cost.
B. wage cost.
C. accounting cost.
D. opportunity cost.

D. opportunity cost.

Economics

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Which one of the following would be classified as employed?

a. a parent who works 50 to 60 hours per week caring for family members b. an construction worker vacationing in Florida who is on layoff due to bad weather conditions in his home state c. a 21-year-old full-time college student d. a 17-year-old high school student who works a newspaper route six hours per week

Economics

Basically, the marginal principle helps us to evaluate the factors involved in taking an action or if doing something is worth the effort.

Answer the following statement true (T) or false (F)

Economics