the law of comparative advantage does not apply to _____ a. entire nations.
b. natural resources.
c. individuals.
d. firms.
e. the regions of a country.
b. natural resources.
You might also like to view...
The dollar rate of return on euro deposits is
A) approximately the euro interest rate plus the rate of depreciation of the dollar against the euro. B) approximately the euro interest rate minus the rate of depreciation of the dollar against the euro. C) the euro interest rate minus the rate of inflation against the euro. D) the rate of appreciation of the dollar against the euro. E) the euro interest rate plus the rate of inflation against the euro.
For price discrimination to exist, all of the following are necessary EXCEPT
A) a downward sloping demand curve. B) an identifiable group of buyers with different elasticities of demand. C) an upward sloping marginal cost curve. D) there can be no resale of the product.
Marginal revenue
a. Is the additional revenue earned by selling one more unit b. Is always equal to the total revenue c. Is the difference between total revenue and total costs d. None of the above
The total cost of purchasing a car is:
a. the dollar amount paid for it. b. the dollar amount paid for it plus the seller's opportunity cost. c. the dollar amount paid for it plus the buyer's opportunity cost of time spent on buying it. d. the dollar amount paid for it plus the seller's opportunity cost of the time spent on looking for a buyer.