If a person has an absolute advantage in some activity, she must have a comparative advantage in that activity as well.
Answer the following statement true (T) or false (F)
False
You might also like to view...
If the central bank does not purchase foreign assets when output increases but instead holds the money stock constant, can it still keep the exchange rate fixed at ? Please explain
What will be an ideal response?
The high tech boom of the late 1990s and early 2000s came to an end in part because
A) investment to address the Y2K problem was temporary. B) new computer applications were consumer oriented rather than directed at increasing productivity. C) the fiber optic cable boom has resulted in most optic cable capacity being unused. D) All of the above.
An insurance premium is:
A. the contract that reduces the financial loss associated with some risky event. B. the amount of money a policy holder pays for the insurance policy. C. the amount of money a policy holder receives if a specific loss occurs. D. the probability of loss from a specific event.
Car manufacturers who use robots to do certain jobs on the assembly line are trying to increase supply by
a. lowering input costs b. taking advantage of government regulation c. applying new technology d. increasing the number of producers