Trade between countries is based on
A) absolute advantage only.
B) monopoly power.
C) comparative advantage.
D) none of these choices.
Correct Answer:
Verified
Q1: Economic freedom and economic prosperity are
A)positively correlated.
B)negatively
Q3: A brand name is a type of
A)cost
Q4: In international trade the concept of 'relative
Q5: Property rights
A)only need to be found in
Q6: Property rights need to be secure
A)to promote
Q7: The cost of a choice is
A)the price
Q8: Buying a product in one market and
Q10: What incentive is created by a first-come
Q11: People trade because
A)they are able to take
Q20: Without contracts, what type of transactions would
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