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1. According to the principle of comparative advantage, trade between two countries will benefit:
A. neither country
B. the country with lower production costs
C. the country with higher production costs
D. both countries
2. A detriment to economic growth:
A. is greater spending by corporations on training
B. greater spending by corporations on research and development
C. low saving rates
D. investment in capital
You have been hired to manage a small manufacturing facility whose cost and production data.
Perfect competition is a market environment with following features-
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We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners who wanted to restrict future use of their property had to pay a fee for each year that the restrict..
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