Author Question: Choices must be made because of scarcity; people do not have enough time or money to get everything ... (Read 42 times)

DyllonKazuo · **on:** Jun 30, 2018

Choices must be made because of scarcity; people do not have enough time or money to get everything they want.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Specialization and trade benefits a participating country that:
a. specializes in those things they have both a comparative and absolute advantage in.
b. specializes in those things they have a comparative advantage in, even if they have an absolute disadvantage.
c. They specialize in those things they have an absolute advantage in, even if they have a comparative disadvantage.
d. Does either a. or b.