2) Check all the true statements about comparative advantage, absolute
advantage, and
the Th...
Business, 10.09.2021 23:00 ilovemilk1981
2) Check all the true statements about comparative advantage, absolute
advantage, and
the Theory of Comparative Advantage.
It is possible for someone to have an absolute advantage in everything.
It is possible for someone to have a comparative advantage in everything.
People should specialize
in producing what they have an absolute advantage for.
People should specialize in producing what they have a comparative advantage for.
Countries should export the things they have a comparative advantage in.
Countries should import
the things they have a comparative advantage in.
Answers: 2
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He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain
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How is a federal loan different from a private loan for an education? a federal loan is available for any student who meets the government's lending standards. a private loan is only available for students who show a need. a federal loan is only available for students who show a need. a private loan is available for any student who meets the bank's lending standards. a federal loan can only be used to pay for a student's tuition. a private loan can be used to pay for a student's tuition and any other expenses. a federal loan can be used to pay for a student's tuition and any other expenses. a private loan can only be used to pay for a student's tuition.
Answers: 1