Which of the following investments can be classified as specific assets?
a. Opening a restaurant in the business district of a city.
b. Purchase of additional cotton bales expecting a rise in demand for cotton garments.
c. Leasing out land in a tourist spot to build a retail outlet.
d. Purchasing specialized equipment for a hydro-electric power project that will not produce electricity at a different location.
Question 2
Trade between countries is only based on absolute advantage.
Indicate whether the statement is true or false
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