Refer to the scenario above. If both nations decide to trade, which of the following statements is true?
A) Hawaii should export both tea and coffee.
B) Hawaii should import both tea and coffee.
C) Hawaii should export tea and South Carolina should export coffee.
D) Hawaii should export coffee and South Carolina should export tea.
D
Economics
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Refer to Table 20.1. The income tax paid by George, a single taxpayer with an income of $65,000, is
A) $11,100. B) $14,745. C) $15,345. D) $17,550.
Economics
A dominant strategy is one that:
A. maximizes profits. B. is optimal under some conditions. C. never yields a negative payoff. D. is the best choice under all conditions.
Economics