Comparative advantage is the ability to
A. determine who your best trading partners are.
B. determine the best use of capital goods.
C. convince others of the best choices to make in their own self-interest.
D. perform an activity at a lower opportunity cost.
Answer: D
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An increase in interest rates by the Fed based on a given and unchanged policy reaction function represents a ________ the aggregate demand curve, and higher interest rates resulting from an upward shift in the Fed's policy reaction function represents a ________ the aggregate demand curve.
A. movement up; shift left of B. movement up; shift right C. shift left of; movement up D. shift left of; shift right of
When did the European Union become a common market?
What will be an ideal response?
Ebay has created a _______ market for goods that previously had purely _______ markets.
Fill in the blank(s) with the appropriate word(s).
________ will lead to a decrease in the gross domestic product of a country, all other variables remaining unchanged
A) An increase in the expenditure on investment B) A decrease in the expenditure on investment C) An increase in exports D) A decrease in imports