Which of the following is the best example of a consumption good?

a. mp3 player
b. farm
c. factory
d. bulldozer

a. mp3 player

Economics

You might also like to view...

A nation benefits from international trade if it:

a. exports more than it imports. b. imports more than it exports. c. imports goods for which it is a low opportunity cost producer. d. exports goods for which it is a low opportunity cost producer.

Economics

A country has a comparative advantage in producing a good when it has the lowest opportunity cost of producing that good

a. True b. False Indicate whether the statement is true or false

Economics