Individuals who have never been the best at doing anything
A) cannot have a comparative advantage in producing any product.
B) perform all tasks at a higher opportunity cost than others.
C) can still have a comparative advantage in producing some product.
D) must have an absolute advantage in at least ones task.
C
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When the British pound rises in value relative to other currencies, then
A) goods imported into Britain rise in price. B) British exports rise in price. C) neither British exports nor imports rise in price. D) both British exports and imports rise in price.
What real-world complications keep purchasing power parity from being a complete explanation of exchange rates?
What will be an ideal response?
Public utilities have tended to be vertically integrated producers of electricity
Indicate whether the statement is true or false
Explain whether or not Ocean Spray cranberry juice, Sprite, Borden milk, Pepsi Lite, grape Kool-Aid, and Diet Dr. Pepper compete in the same market as Coca-Cola Classic