Refer to Table 2-15. Which of the following statements is true?
A) Jack has a comparative advantage in lawn mowing and George in garden cultivating.
B) Jack has a comparative advantage in garden cultivating and George in lawn mowing.
C) George has a comparative advantage in both tasks.
D) Jack has a comparative advantage in both tasks.
B
Economics
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Refer to Figure 11.2. Suppose that Ca = 40, MPC = 0.8, I = 10. The value of autonomous consumption is
A) 10. B) 40. C) 50. D) 80.
Economics
Aggregate output and the interest rate are ________ related to government spending and are ________ related to taxes
A) positively; positively B) positively; negatively C) negatively; positively D) negatively; negatively
Economics