Refer to Figure 22-3. Which of the following would cause an economy to move from a point like A in the figure above to a point like B?
A) an increase in capital per hour worked B) a decrease in capital per hour worked
C) an improvement in technology D) a technological regression
A
Economics
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Germany and France can produce the amounts of wine and beer indicated in the table below with one unit of land. Each country has 10 units of land
Does either country have an absolute advantage? Which country has a comparative advantage in beer production? Which country has a comparative advantage in wine production? Is it possible for the two countries to benefit from trade? Country Beer Wine France 2 4 Germany 10 1
Economics
Which of the following is NOT counted as an economic resource?
a. Money supply. b. Physical labor. c. Mental abilities of labor. d. Land. e. All of the above are included.
Economics