Multiple Choice
What occurs when a person possesses a comparative advantage in the production of one good or service?
A) It promotes greater self-sufficiency.
B) It permits gains from trade to be realized due to a more efficient use of resources.
C) It discourages specialization.
D) The person's opportunity cost becomes higher than for that of other goods.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Indicate whether each of the following is
Q221: Which of the following is an example
Q222: Which of the following is an example
Q223: What happens to us because of scarcity?<br>A)
Q225: What is economics the study of?<br>A) how
Q227: Which of the following statements most likely
Q228: Which of the following does the market
Q229: Why is it important to be able
Q230: Which topic does macroeconomics usually NOT include?<br>A)
Q231: The marginal benefit to a consumer of