Refer to the information provided in Table 2.2 below to answer the following question(s).Table 2.2?MollyPeteAvatar Design68Tattoo Design32Refer to Table 2.2. Which of the following statements is true?
A. Molly has a comparative advantage in both avatar design and tattoo design.
B. Molly has a comparative advantage in avatar design and Pete has a comparative advantage in tattoo design.
C. Pete has a comparative advantage in both avatar design and tattoo design.
D. Pete has a comparative advantage in avatar design and Molly has a comparative advantage in tattoo design.
Answer: D
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The economic theory of government predicts elected officials at the federal level will have incentives to act in ways that
A) cause inflation. B) increase uncertainty and the instability of total demand. C) secure short-term economic gains with deferred costs. D) result in all of the above. E) result in none of the above because they will usually want to be reelected.
Explain the motives of developed countries in providing foreign aid
What will be an ideal response?