Multiple Choice
A person has a comparative advantage in an activity if that person can
A) produce more goods in a given amount of time than another person.
B) produce fewer goods in a given amount of time than another person.
C) perform the activity at a lower opportunity cost than anyone else.
D) perform that activity at a higher opportunity cost than anyone else.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: A factor market is a market in
Q7: Marginal cost is the opportunity cost<br>A) that
Q8: The social arrangement that gives John Grisham,
Q9: The social arrangements that govern the ownership,
Q10: Economic growth is the result of all
Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure
Q13: Economic growth<br>A) leads to less consumption in
Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the table
Q15: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure
Q16: Property rights facilitate the development of trade.