Given the Republic of Korea's experience, what can we conclude about comparative advantage?
What will be an ideal response?
It can change over time. More skill and more capital can be developed as income rises, changing productivity.
Economics
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A manager may over-research the appropriateness of a decision
a. Because the costs of a false positive are usually larger b. Because the costs of a false negative are usually larger c. Because it is important to be 100% certain before making a decision d. Because managers can face inordinate censure from agreeing to a bad decision
Economics
Randomized control trials can help economists evaluate the impact of global aid programs in the same way that doctors test drugs
a. True b. False Indicate whether the statement is true or false
Economics