For a nation to have ________ in producing a good it must have a lower opportunity cost of producing that good than the other country
A) a comparative advantage
B) an autarky advantage
C) an absolute advantage
D) both a comparative advantage and an absolute advantage
A
Economics
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Over the last 50 years,
a. how has the labor force participation rate changed? b. how have the men's and women's labor force participation rates changed?
Economics
For a perfectly competitive firm,
a. P = AR at all levels of output b. P = AR at the profit-maximizing quantity only c. P > AR at all levels of output d. P < AR at the profit-maximizing quantity only e. P < AR at all levels of output
Economics