A. Pareto goods
B. public goods
C. private goods
D. free goods
A. the value placed on the last unit of production by buyers exceeds the cost of production
B. the cost of production on the last unit produced exceeds the value placed on it by buyers.
C. consumer surplus is maximized
D. total surplus is maximized
E. producer surplus is maximized
A. resource allocation based on the principle of absolute advantage
B. resource allocation based on the principle of comparative advantage
C. trade protection for import-competing firms
D. trade protection for exporting-competing firms
A. all of these answers
B. libertarianism
C. utilitarianism
D. none of these answers
A. Economies of large-scale production
B. Relative abundance of various resources
C. Relative costs of labor
D. Research and development expenditures
A. Hard Leaf
B. Maple Leaf
C. Green Leaf
D. Gold Leaf
I- the migration of serfs to the town
II- factory competition with handicraft and manorial production
III- expanded transport trade, discovery and new international markets
IV- the rise of the business corporation
A. I and II only
B. II and III only
C. I, II and III only
D. IV only