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Author Question: Absolute advantage occurs when one producer has greater productivity compared to another producing ... (Read 100 times)

ericka1

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on: Jun 30, 2018
Absolute advantage occurs when one producer has greater productivity compared to another producing the same product.
 
  Indicate whether the statement is true or false

Question 2

Consider two countriescountry A and country B. Both countries are exactly similar in all aspects except for one. The institutions in country A are inclusive while the institutions in country B are extractive.
 
  Given this information, which of the following statements is likely to be true?
  A) Both countries are likely to be capitalistic.
  B) Both countries are likely to be totalitarian.
  C) Country A is likely to have well-defined property rights, while country B is likely to lack well-defined property rights.
  D) Country B is likely to have well defined property rights, while country A is likely to lack well-defined property rights.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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duy1981999

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ericka1

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Joy Chen

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Reply 3 on: Yesterday
Excellent

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