It is impossible for one person to have a comparative advantage in all tasks
a. True
b. False
A
Economics
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Suppose the government raises the minimum wage in the economy. All else constant, how will this affect the quantity of labor demanded and the quantity of labor supplied?
What will be an ideal response?
Economics
The economy will reach equilibrium in a simple economy only if saving is
a. greater than investment. b. less than investment. c. equal to investment. d. equal to disposable income.
Economics