Portugal has an absolute advantage in which product?
wine
Economics
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Because it does not face competition from other firms, a monopolist is guaranteed to make excess profits over time
Indicate whether the statement is true or false
Economics
International data suggests that
a. convergence is not taking place. b. convergence is taking place among poor countries but not among rich countries. c. convergence is taking place among all countries. d. convergence is taking place among rich countries but not among poor countries.
Economics
A small electric car is an example of an inferior good
a. True b. False Indicate whether the statement is true or false
Economics
Corporation
What will be an ideal response?
Economics