Opportunity costs differ among nations primarily because
A) nations employ different currencies.
B) nations have different endowments of land, labor skills, capital, and technology.
C) nations have different political institutions.
D) work-leisure preferences vary considerably from one nation to another.
Correct Answer:
Verified
Q137: When a country allows trade and becomes
Q138: Which of the following is correct?
A) An
Q139: When the nation of Venezia allows trade
Q140: When the nation of Roma allows trade
Q141: Use the table below, which outlines the
Q143: The law of comparative advantage explains why
Q144: People living in different countries can benefit
Q145: Use the table below to answer the
Q146: Assume, for Canada, that the domestic price
Q147: The following table indicates the production possibilities
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents