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Chris M.
Chris M., M.S.W. Social Work
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Experience:  Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
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Comparative advantage argues that overall production can be

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Comparative advantage argues that overall production can be maximized by:

a. the most productive producer specializing in the production of a particular good.
b. the producer with the smaller opportunity cost specializing in the production of the good.
c. building large production facilities to take advantage of economies of scale
d. a highly decentralized production system


David Ricardo developed the theory of:

a. economic relativity
b. absolute advantage
c. the theory of relativity
d. comparative advantage


Economic theory assumes that firms try to maximize:

a. utility
b. the incomes of the top executives
c. profits
d. all of the above


Hernando de Soto is:

a. the co-founder of the Cuban republic
b. a contemporary of Keynes
c. the President of Bolivia
d. the author of the Mystery of Capital


Economic growth is not facilitated by:

a. freedom
b. central planning
c. education
d. optimism
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Customer: replied 7 years ago.

I messed up:

I typed in 1 question incorrectly: It should have been:

 

Economic theory assumes that firms try to maximize:

a. utility

b. the incomes of the top executives

c. profits - I think this answer is correct? agree tor disagree?

d. all of the above

 

I got the answer mixed up with this question:

 

The theory behind job outsourcing:

a. economic relativity

b. absolute advantage

c. the theory of relativity

d. comparative advantage, I believe comparative advantage is the best answer to this?

 

Thanks

 

HelloCustomer

 

Actually, I think I inadvertantly deleted one of your questions. Just to clarify, here are the questions that you first posted with the best answers highlighted:

 

 

Comparative advantage argues that overall production can be maximized by:

a. the most productive producer specializing in the production of a particular good.
b. the producer with the smaller opportunity cost specializing in the production of the good.
c. building large production facilities to take advantage of economies of scale
d. a highly decentralized production system


David Ricardo developed the theory of:

a. economic relativity
b. absolute advantage
c. the theory of relativity
d. comparative advantage



Economic theory assumes that firms try to maximize:

a. utility
b. the incomes of the top executives
c. profits
d. all of the above



Hernando de Soto is:

a. the co-founder of the Cuban republic
b. a contemporary of Keynes
c. the President of Bolivia
d. the author of the Mystery of Capital


Economic growth is not facilitated by:

 

a. freedom
b. central planning
c. education
d. optimism

 

Let me know if you have any further questions.

 

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