Author Question: The ability to produce a product at a lower resource cost than another nation can produce the same ... (Read 92 times)

FButt · **on:** Jun 30, 2018

The ability to produce a product at a lower resource cost than another nation can produce the same product is called comparative advantage.

Indicate whether the statement is true or false

Question 2

The quantity supplied of a good, service, or resource is ________ during a specified period and at a specified price.

A) the amount that people are able and willing to sell
B) the amount that people are willing and able to buy
C) the amount that people are able to sell
D) the amount that people are willing to sell
E) the amount sold