Author Question: Comparative advantage means A) the ability to produce a good or service at a lower opportunity ... (Read 113 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
Comparative advantage means
 
  A) the ability to produce a good or service at a lower opportunity cost than any other producer.
  B) the ability to produce a good or service at a higher opportunity cost than any other producer.
  C) compared to others you are better at producing a product.
  D) the ability to produce more of a product with the same amount of resources than any other producer.

Question 2

In economics, the term free rider refers to
 
  A) a person who evades taxes.
  B) one who waits for others to produce a good and then enjoys its benefits without paying for it.
  C) a supervisor who delegates menial time-consuming activities to others.
  D) one who volunteers her services.


ghepp

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

For a complete list of videos, visit our video library