The logic of why international trade increases well-being is
A. a major revision of the logic of why trade within a country increases well-being.
B. completely different from the logic of why trade within a country increases well-being.
C. a narrow, special case of the logic of why trade within a country increases well-being.
D. no different from the logic of why trade within a country increases well-being.
Answer: D
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Which of the following statements is an accurate statement about the Social Security (OASDI) program?
A) The program is financed by voluntary contributions. B) Only 50 percent of workers are covered by OASDI. C) Benefits are based on financial need. D) The program transfers income from those who work to those who do not work.
Table 35.1CountryTons of SoybeansComputerChina100300United States150750Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods. From the information in Table 35.1, it is clear that
A. China has both an absolute and comparative advantage in soybeans. B. The United States has a comparative advantage in both goods. C. The United States has an absolute advantage in both goods. D. China has a comparative advantage in computers.