The reason that average labor costs are higher in the United States than in Haiti is that

A) workers are more productive in the United States.
B) U.S. workers have a comparative advantage.
C) Haitian workers have a comparative advantage.
D) Haitian workers do not have union representation.

A

Economics

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According to the expectations theory, what will be the interest rate on a three-year bond if a one-year bond has an interest rate of 2% and is expected to have an interest rate of 3% next year and 5% in two year?

Report your answer using a percentage with two decimal places.

Economics

Cassie produces and sells 400 jars of homemade jelly each month for $3 each. Each month, she pays $200 for jars, $150 for ingredients, and uses her own time, with an opportunity cost of $300 . Her economic profits each month are:

a. $550. b. $700. c. $850. d. $900.

Economics