Which famous economist developed the principle of comparative advantage as we know it today?
a. Adam Smith
b. David Ricardo
c. John Maynard Keynes
d. Milton Friedman
b
Economics
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Collusion
a. is exactly the same thing as competition. b. involves cooperative actions by sellers at the expense of buyers. c. requires competitive actions by sellers to win customers from rival firms. d. can only be achieved in price-taker markets.
Economics
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
Economics