In the table above, Jack's comparative advantage is producing ________ and Jill's comparative advantage is producing ________
A) clothing; food
B) clothing and food; nothing
C) nothing; clothing and food
D) food; clothing
E) clothing; clothing
A
Economics
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Figure 7-8
Of the graphs in Figure 7-8, which represents fixed cost?
a.
1
b.
2
c.
3
d.
4
Economics
If a restaurant was a natural monopoly, dividing the restaurant equally into two separate restaurants would
A) decrease marginal cost. B) raise average total cost. C) increase total revenue. D) make marginal revenue less elastic.
Economics