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Author Question: If people specialize in producing those goods for which they possess a comparative advantage, then ... (Read 46 times)

piesebel

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on: Jul 1, 2018
If people specialize in producing those goods for which they possess a comparative advantage, then the economy as a whole can produce a greater quantity of goods.
 a. True
  b. False

Question 2

Sunk costs
 a. can only be measured in monetary terms
  b. are opportunity costs
  c. should influence a person's choice if that person is a marginal decision maker
  d. lower the efficiency of production
  e. should not be considered when making economic decisions


Kimmy

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

E


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