Author Question: Comparative advantage means A) the ability to produce a good or service at a lower opportunity ... (Read 115 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?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

For a complete list of videos, visit our video library