Refer to the table above. ________ has the comparative advantage in making pies and ________ the comparative advantage in making cakes. Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. Julia; Martha
B. Martha; Julia
C. Julia; Julia
D. Martha; Martha
Answer: B
Economics
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Differentiated" is another word for:
a. identical. b. homogeneous. c. heterogeneous. d. None of these has the same meaning.
Economics
Assume that you have heard news that a local radio station is hosting a luncheon at your school by offering hot dogs, chips and cola at no expense to the student body. Why would economists say that this lunch is not truly free?
What will be an ideal response?
Economics