Refer to the information provided in Table 36.2 below to answer the question(s) that follow. Table 36.2 PointAggregate Income (Y)Aggregate Consumption (C) A 10 14 B 20 23 C 30 25 D 40 26 E 50 34 F 60 39The data in the table was used to estimate the following consumption function: C = 12 + 0.4YRefer to Table 36.2. Which of the following points is (are) the worst fit for the given consumption function?
A. A and D
B. B and F
C. C
D. E
Answer: B
Economics
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What will be an ideal response?
Economics
Refer to the table above. Identify the correct statement
A) Country X has an absolute advantage in the production of both the goods. B) Country Y has a comparative advantage in the production of both goods. C) Country X has an absolute advantage only in the production of wheat. D) Country Y has an absolute advantage in the production of both goods.
Economics