Trade contributes to prosperity because:
a. every country lacks some vital resources that it can get economically only by trade.
b. each country's climate makes it a relatively efficient producer of some goods, and an inefficient producer of other goods.
c. each country's labor force makes it a relatively efficient producer of some goods, and an inefficient producer of other goods.
d. of all of the above.
Question 2
When a firm creates negative externalities by polluting, in order to achieve the socially efficient outcome:
a. the firm's production should be prohibited.
b. the firm's production should be increased and the price of its output should be decreased.
c. the firm's production should be increased and the price of its output should be increased.
d. the firm's production should be reduced and the price of its output should be increased.
Compared with modern humans, Homo erectus has a larger face, lacks a chin and canine fossa, and has
Atlantic Slave Trade, 1451–1870
It may be difficult for patients to get the vital minerals they need from their diets, so ...
Transatlantic Slave Trade
As the world’s population continues to grow, demands on limited resources for food production