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Author Question: Comparative advantage means the ability to produce a good or service A) at a higher profit level ... (Read 31 times)

ts19998

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Comparative advantage means the ability to produce a good or service
 
  A) at a higher profit level than any other producer.
  B) at a lower selling price than any other producer.
  C) of a higher quality than any other producer.
  D) at a lower opportunity cost than any other producer.

Question 2

If a buyer in an economic transaction has more information than the seller, the buyer benefits at the expense of the seller. This phenomenon is due to
 
  A) moral hazard. B) economically irrational behavior.
  C) gains from trade. D) adverse selection.


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ngr69

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ts19998

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Reply 2 on: Jun 29, 2018
Gracias!


CAPTAINAMERICA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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