A. it can produce that good at a lower opportunity cost than its trading partner
B. it can produce the good using fewer resources than its trading partner.
C. it can benefit by restricting imports of that good.
D. None of these.
Answer: A
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A) Arthur Laffer. B) Adam Smith. C) Ben Bernanke. D) David Ricardo.
State the law of demand and illustrate it. Explain what is meant by the term "price" in the law of demand
What will be an ideal response?
The civil court system often relies upon
A. a judge and jury to resolve financial disputes among injured parties. B. attorneys who volunteer to defend the indigent accused of crimes. C. police enforcement of criminal statutes. D. a sentence of jail time as punishment.
Consistency of FGLS requires:
A. ?utto be uncorrelated with xt-1, xt, and xt+1. B. ?utto be uncorrelated with xt and xt+1. C. ?utto be correlated with xt and xt+1. D. ?utto be correlated with xt-1, xt, and xt+1.