The ability to produce a good at a lower opportunity cost than someone else is called
A) competitive production.
B) comparative advantage.
C) selective advantage.
D) absolute advantage.
B
Economics
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A human resource such as ingenuity can be thought of as
A) part of government spending programs. B) part of a country's endowment. C) a causal factor for aggregate supply shifting left. D) a positive for imports.
Economics
Because warranties are potentially ________, low-quality goods are ________ to have warranties
A) very expensive; less likely B) inexpensive; less likely C) very expensive; more likely D) inexpensive; more likely
Economics
If a market is shared equally by 100 firms, the Herfindahl-Hirschman Index is
A) 1/100. B) 1/50. C) 50. D) 100.
Economics
Most home mortgages are good examples of:
A. consols. B. coupon bonds. C. zero-coupon bonds. D. fixed-payment loans.
Economics