Chapter 3

Descripción

Interdependence and the Gains from Trade
murphy94
Fichas por murphy94, actualizado hace más de 1 año
murphy94
Creado por murphy94 hace más de 8 años
2
0

Resumen del Recurso

Pregunta Respuesta
Absolute Advantage the ability to produce a good using fewer inputs than another producer
Opportunity Cost whatever must be given up to obtain some item
Comparative Advantage the ability to produce a good at a lower cost that another producer
Imports goods produced abroad and sold domestically
Exports goods produced domestically and sold abroad
Mostrar resumen completo Ocultar resumen completo

Similar

Using GoConqr to study Economics
Sarah Egan
Economics
Emily Fenton
AN ECONOMIC OVERVIEW OF IRELAND AND THE WORLD 2015/16
John O'Driscoll
Economics - unit 1
Amardeep Kumar
Using GoConqr to teach Economics
Sarah Egan
Functions of Money
hannahcollins030
Comparative advantage
jamesofili
GCSE - Introduction to Economics
James Dodd
Market & Technology Dynamics
Tris Stindt
PMP Formulas
Krunk!
Aggregate Supply, Macroeconomic Equilibrium, The Economic Cycle, Economic Growth, Circular Flow and Measuring National Income
Hannah Nad