Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about ? On this page you'll find 2 study documents about .
All 2 results
Sort by
-
ECO 561 Final Exam 2017
- Exam (elaborations) • 9 pages • 2019
-
- $15.49
- + learn more
1. In the theory of comparative advantage, a good should be produced in that nation where
A. the production possibilities line lies further to the right than the trading possibilities line.
B. its cost is least in terms of alternative goods that might otherwise be produced.
C. its absolute cost in terms of real resources used is least.
D. its absolute money cost of production is least.
2. A monopolistically competitive industry combines elements of both competition and monopoly. The monopoly ele...
-
ECO 561 Final Exam 2017
- Exam (elaborations) • 9 pages • 2017
-
- $25.49
- + learn more
1. In the theory of comparative advantage, a good should be produced in that nation where
A. the production possibilities line lies further to the right than the trading possibilities line.
B. its cost is least in terms of alternative goods that might otherwise be produced.
C. its absolute cost in terms of real resources used is least.
D. its absolute money cost of production is least.
2. A monopolistically competitive industry combines elements of both competition and monopoly. The monopoly ele...
Want to regain your expenses?
How much did you already spend on Stuvia? Imagine there are plenty more of you out there paying for study notes, but this time YOU are the seller. Ka-ching! Discover all about earning on Stuvia