Refer to the tables. Suppose that technology and the quality of resources are the same in both countries. We can conclude that:
A. Duckistan has more resources than Herbania.
B. Herbania has more resources than Duckistan.
C. Duckistan has greater opportunity costs than Herbania.
D. Prices are twice as high in Herbania as in Duckistan.
B. Herbania has more resources than Duckistan.
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Dan, age 19, may have trouble buying insurance at a low price because
A) the insurance company has private information that he is a risky driver. B) the insurance company has private information that his signals are valid. C) insurance companies fear that he has private information that his deductible is too high. D) insurance companies fear that he has private information that he is a risky driver.
In the United States, the annual growth rate of real GDP per hour worked between 2006 and 2014 averaged
A) -0.3%. B) 1.2%. C) 6.9%. D) 10.2%.