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Author Question: Specialization and trade do not allow individuals, firms, or even nations to acquire goods that lie ... (Read 43 times)

jazziefee

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on: Jun 30, 2018
Specialization and trade do not allow individuals, firms, or even nations to acquire goods that lie beyond their production capabilities.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If race-car driving is dangerous, why would any rational person choose to be a race-car driver?


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DHRUVSHAH

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

A rational person might choose to drive race cars if, after assessing the potential dangers, he or she believes the expected marginal benefit from racing outweighs the expected marginal cost.


jazziefee

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  • Posts: 505
Reply 2 on: Jun 30, 2018
Excellent

mcarey591

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Reply 3 on: Yesterday
Gracias!

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