Which of the following is not a common characteristic of IACs?

A. market-based economies
B. large stocks of technologically advanced capital
C. well-educated labor
D. low per capita energy consumption


Answer: D

Economics

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The ability of one person or nation to produce a good at a lower absolute cost than another is called a(n):

A. market advantage. B. comparative advantage. C. absolute advantage. D. specialization advantage.

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Since the end of the 2008-2009 recession, remittances from illegal immigrants in the United States to Mexico

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Economics