The principle of comparative advantage indicates that mutually beneficial international trade can take place only when:
Tariffs are eliminated
Transportation costs are almost zero
Relative costs of production differ between nations
A country can produce more of some product than other nations can
Relative costs of production differ between nations
Economics
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What are the three types of advocacy?
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Moral hazard is a problem
A) peculiar to direct finance. B) peculiar to mutual funds. C) arising before a transaction is consummated. D) arising after a transaction is consummated.
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Wealth is measured as
A) only tangible objects. B) only buildings, machinery, land, cars, stocks and bonds. C) only nonhuman wealth. D) nonhuman and human wealth.
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The winner's curse is not useful in understanding the performance of companies after a merger
Indicate whether the statement is true or false
Economics