Which statement explains why a follower of laissez-faire capitalism would argue that the economy grows when government avoids regulations?
a-in a planned economy, lack of regulations increases wages and profits.
b-in a free market economy, prices and wages result from natural forces.
c-in a mixed economy, wages rise faster than profits.
d-in a capitalist system, government limits businesses.

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve.has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve.is a lower opportunity cost producer of the good.