Private goods are excludable and nonrival in consumption
a. True
b. False
B
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If the world real interest rate were 6% and the domestic real interest rate in Estonia was 4%, borrowers in Estonia would borrow at the rate of ________ and lenders in Estonia would lend at the rate of ________
A) 6%; 6% B) 6%; 4% C) 4%; 6% D) 4%; 4%
Diversification
a. increases the likely fluctuation in a portfolio's return, but reduces market risk. b. increases the likely fluctuation in a portfolio's return, but reduces firm-specific risk.. c. reduces the likely fluctuation in a portfolio's return and reduces market risk. d. reduces the likely fluctuation in a portfolio's return and reduces firm-specific risk.
Countries that engage in specialization and trade can consume at a level beyond their production possibilities frontier
Indicate whether the statement is true or false
If a nation does not have an absolute advantage in producing anything, it
A. has no comparative advantage either. B. will have a comparative advantage in the activity in which it is least inefficient. C. will try to get along without trade. D. will export raw materials and import finished products.