This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A person who can produce more of a good than another person is said to possess a comparative ... (Read 66 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Jul 1, 2018
A person who can produce more of a good than another person is said to possess a comparative advantage.
 a. True
  b. False

Question 2

The law of comparative advantage states that the person who should produce a good is the person who
 a. has the lowest opportunity cost of producing that good
  b. can produce that good using the fewest resources
  c. will produce that good using the most expensive resources
  d. has the most desire for that good
  e. has produced that good in the past


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blakcmamba

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Photograph of a person with a cataract in the right eye. Photograph of a person with a cataract in the right eye.
Relative Energy Consumption per Person for Selected Countries Relative Energy Consumption per Person for Selected Countries
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
The primary response causes B cells to produce memory B cells and a few antibodies. The second ... The primary response causes B cells to produce memory B cells and a few antibodies. The second ...
potatoes as a very good source of vitamin B6 potatoes as a very good source of vitamin B6
A common autosomal recessive allele can produce a pedigree that looks like an autosomal dominant tra A common autosomal recessive allele can produce a pedigree that looks like an autosomal dominant tra
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library