Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. The U.S. has a comparative advantage in producing
A) food.
B) clothing.
C) food and clothing.
D) neither good.
A
Economics
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Which of the following is not a legal organization of a firm?
A) corporation B) partnership C) entrepreneurship D) proprietorship
Economics
Which of the following is not a function of the Federal Reserve System?
a. Supervising the banking system. b. Deciding the maximum interest rates banks can charge for loans. c. Clearing checks. d. Acting as a bank for banks. e. Dealing with financial crises.
Economics