If a country has absolute advantage in the production of all ...

[Sufayan.ah]

If a country has absolute advantage in the production of all goods, then it will have no incentive to trade.
  Indicate whether the statement is true or false

Question 2

Which of the following reflects the correct relationship between average total cost (ATC) and marginal cost (MC)?
 a. When MC > ATC; ATC is falling.
  b. When ATC is minimum; ATC < MC.
  c. When MC < ATC; ATC is falling.
  d. When MC < ATC; ATC is constant.
  e. When ATC < MC; MC is falling.

[potomatos]

Answer to Question 1

F

Answer to Question 2

c

[Sufayan.ah]

Thank you

[potomatos]

Happy to help you