When nations trade according to their comparative advantages,

a. one nation has an absolute advantage in producing all goods
b. all opportunity costs of production are the same
c. world economic efficiency falls
d. at least one country is made better off through trade
e. at least one country is made worse off through trade

D

Economics

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Refer to Figure 7-1. The efficient equilibrium quantity is ________ thousand vaccinations

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Why is price less than marginal revenue for a monopolist?

What will be an ideal response?

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