Absolute advantage represents the   Question 36 options:   opportunity costs of the government.   payments to land, labor, and capital.   input requirements per unit of output.   locational and logistical circumstances.

Which (if any) of these statements are correct?   Empirical results show that trade between two partners     tends to be higher among partners who share a language.     tends to be higher if there is a physical or administrative border between the partners.     tends to be higher if the two partners are in the same customs union.     tends to be higher if the two partners do not share colonial history.

Which factor can explain the economic differences between North and South Korea? Select all that apply. Cultural differences Geographical differences O Institutional differences Historical differences

When the quantity of resources for production increases, the production possibility curve Select One: a) Becomes short b) Becomes straight c) Remains same d) Expands away origin e) Contracts to words origin