Frederic Bastiat formulated
A. the theory of absolute advantage.
B. the theory of comparative advantage.
C. the petition of the candlemakers to shut out the sun.
D. the infant industry argument.
C. the petition of the candlemakers to shut out the sun.
You might also like to view...
An important condition required for economic growth is
A) economic freedom. B) a libertarian government. C) a totalitarian government. D) a democratic government. E) the incentive to limit international trade so that all economic growth remains within the country.
The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10 and Jane's budget is $88. What is Jane's marginal utility per dollar spent on magazines at her consumer equilibrium?
A) 36 units B) 15 units C) 9 units D) 5 units