Question 1otyet answeredPoints ou Remove flag Which of the following gives a nat

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Question 1otyet answeredPoints ou Remove flag Which of the following gives a nation a comparative advantage? Select one O a. Having the more educated labor force O b. Having a command based economy c. Being able to produce a good at a lower opportunity cost d. Being able to produce more in total then someone else Question 2 Not yet answered Points out of 2.0 r Remove filag The term macroeconomics is use to describe the study of Select one: a, business actions and their effect on profits b. choices people make and their effect on the economy as a whole d. government control of the economy arket outcomes and their effect on inequality

Explanation / Answer

ANSWER:

1) The correct answer is option c as comparitive advantage means ability to produce a good or service at a lower opportunity cost. ( definition) .

2) The correct answer is option b as it is definition of macroeconomics.

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