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Author Question: An individual has a comparative advantage in production if that individual: a. can produce at the ... (Read 43 times)

cnetterville

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on: Jun 30, 2018
An individual has a comparative advantage in production if that individual:
 a. can produce at the highest opportunity cost.
  b. is more self-sufficient than others.
 c. can produce at the lowest opportunity cost.
  d. all of the above

Question 2

An increase in the stock of capital:
 a. causes a movement from a point on an economy's production possibilities curve to a point inside the curve.
  b. causes an economy's production possibilities curve to shift inward over time.
 c. causes an economy's production possibilities curve to shift outward over time.
 d. has no effect on the position of an economy's production possibilities curve over time.


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honnalora

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

c

Answer to Question 2

c


cnetterville

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

carojassy25

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Reply 3 on: Yesterday
Gracias!

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