Multiple Choice
Which of the following headlines is NOT consistent with the principle of comparative advantage?
A) Island lessens welfare by promoting trade.
B) Famous actress hires a new nanny.
C) Providers of household services see growth in demand.
D) Consultant recommends workforce specialization.
Correct Answer:
Verified
Correct Answer:
Verified
Q39: What concept would a factory manager make
Q40: What is the basis of specialization?<br>A)Absolute advantage<br>B)Comparative
Q41: When people focus their efforts, on the
Q42: Managers can harness market forces by setting
Q43: If they produce only sandwiches, in a
Q45: If Ilona wants to live her life
Q46: Jane sells bowls of noodles for $6
Q47: (Table: Bruno and Sasha's comparative advantage) The
Q48: When people focus on their comparative advantage
Q49: Why would a company set up internal