Comparative advantage is based on
A) comparing physical endowments, such as mineral resources, of two countries.
B) differences in opportunity costs between two countries.
C) one country being able to outproduce another country in some good.
D) comparing the capital accumulation of two countries.
E) two countries producing the same good.
B
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Indicate whether the statement is true or false
The "axiomic" view of bargaining is the
a. Strategic view of bargaining b. Non-strategic view of bargaining c. All of the above d. None of the above
An increase in unemployment will cause this year's production possibilities curve to shift inward toward the origin
Indicate whether the statement is true or false
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