It is possible for China to have an absolute advantage over Japan in the production of rice, but not a comparative advantage over Japan in its production
Indicate whether the statement is true or false
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If the cross elasticity of demand between goods A and B is negative
A) the demands for A and B are both price elastic. B) the demands for A and B are both price inelastic. C) A and B are complements. D) A and B are substitutes.
Money is always neutral. This statement is most likely to be made by a proponent of the
a. new Keynesian model. b. monetarist model. c. real business cycle model. d. classical model. e. both c and d.
If a firm’s fixed cost (overhead) increases, what happens to its profit-maximizing price and output?
What will be an ideal response?
A group of stocks of individual firms that are placed into one investment pool by an investment company is commonly known as a:
a. pooled stock venue. b. stock clump. c. stock agreement. d. mutual fund. e. maximal diversified investment (MDI).