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
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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