We might predict that Hawaii has a comparative advantage compared to Russia in the production of pineapples because Hawaii has:
A. a climate more suitable for pineapples.
B. more advanced farming technology.
C. more land available to grow them on.
D. less governmental oversight in the pineapple industry.
Answer: A
Economics
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Assume that velocity is constant in the long run. Which of the following equations correctly describes the quantity equation in terms of percentage rate of change
A. % chM รท % chP = % chY B. % chM - % chY = % chP C. % chM x % chY = % chP D. % chM - % chP = % chYf
Economics
Define a tit-for-tat strategy
What will be an ideal response?
Economics