subject
Business, 16.03.2020 19:13 alexismarie4881

The law of comparative advantage says that a person should produce a good if he or she: a. has an absolute advantage in a related activity. b. has the lowest opportunity cost of producing that good. c. is equally good at producing this good as someone else is. d. has the greatest desire to consume that good. e. has a comparative advantage in a related activity.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 19:00
Consider the following information on stocks a, b, c and their returns (in decimals) in each state: state prob. of state a b c boom 20% 0.27 0.22 0.16 good 45% 0.16 0.09 0.07 poor 25% 0.03 0 0.03 bust 10% -0.08 -0.04 -0.02 if your portfolio is invested 25% in a, 40% in b, and 35% in c, what is the standard deviation of the portfolio in percent? answer to two decimals, carry intermediate calcs. to at least four decimals.
Answers: 2
question
Business, 22.06.2019 20:40
Answer the questions about keynesian theory, market economics, and government policy. keynes believed that there were "sticky" wages and that recessions are caused by increases in prices. decreases in supply. decreases in aggregate demand (ad). increases in unemployment. keynes believed the government should increase ad through increased government spending, but not tax cuts. control wages to increase employment because of sticky wages. increase employment through tax cuts only. increase as through tax cuts. increase ad through either increased government spending or tax cuts. intervene when individual markets fail by controlling prices and production.
Answers: 2
question
Business, 22.06.2019 22:30
Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.
Answers: 1
question
Business, 22.06.2019 22:50
Wendy made her career planning timeline in 2010. in what year should wendy's timeline start? a. 2013 o b. 2012 oc. 2010 o d. 2011
Answers: 2
You know the right answer?
The law of comparative advantage says that a person should produce a good if he or she: a. has an ab...
Questions
question
Mathematics, 18.03.2021 03:30
question
Law, 18.03.2021 03:30
question
Mathematics, 18.03.2021 03:30
question
Mathematics, 18.03.2021 03:30