Market prices will adjust so that individuals choose occupations in which they have ________.
A) absolute advantage in the production of goods or services
B) the lowest value added in the production of goods or services
C) comparative advantage in the production of goods or services
D) the highest opportunity cost in the production of goods or services
Correct Answer:
Verified
Q52: Scenario: A shoe manufacturer has factories in
Q53: Scenario: There are two workers in a
Q54: Scenario: A shoe manufacturer has factories in
Q55: Comparative advantage alone is sufficient for individuals
Q56: Once engaged in international trade,Asgard decides to
Q58: If the price of swords in Winterfell
Q59: Xenonia and Baltonia are two neighboring countries.Xenonia
Q60: Joe and Billy are two classmates who
Q61: A tariff is a(n)_.
A) agreement to reduce
Q62: The United States has a large trade
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