A comparative advantage is the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person or nation
Indicate whether the statement is true or false
TRUE
Economics
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An investment that provides a high average annual return is one that:
a) is generally more risky. b) has no risk. c) is generally very safe. d) has an unknown level of risk.
Economics
With the full implementation of the Single European Act, the EU became a(n)
A) common market. B) free trade area. C) customs union. D) economic union.
Economics
All of the following are examples of borrowings by a bank EXCEPT
A) federal funds. B) repurchase agreements. C) discount loans. D) commercial loans.
Economics
An individual who desires the most liquid asset possible will hold
A) currency. B) a savings account. C) checkable deposits at a bank. D) U.S. government bonds.
Economics