When a country specializes and trades with other countries, it is most likely that it specializes in goods for which
A) it has a comparative advantage.
B) it has an absolute advantage.
C) it has no advantage.
D) are very costly to produce.
A
Economics
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Which of the following groups or entities has the authority to initiate legal suits to enforce antitrust laws?
a. the U.S. Justice Department b. private citizens c. corporations d. All of the above are correct.
Economics
A drought has destroyed orange crops in California. The drought has caused
A. a shortage because people cannot obtain as many oranges as they wish to buy at the pre-drought price. B. scarcity because there are less oranges now than people want. C. a shortage because orange growers will have less income. D. scarcity because people have to switch to oranges grown in Florida.
Economics