You and your roommate must divide the cooking and cleaning duties. Which of the following will contribute toward giving you a comparative advantage in cleaning?
A) You develop a contagious disease.
B) Your roommate develops an allergy to dust.
C) Your roommate takes a course in cooking.
D) All of the above.
E) None of the above.
D
Economics
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If Michelle can buy a woolen jacket for 40 yuan in China, and Rebecca pays $40 for the same jacket in the U.S., it implies that the exchange rate between these two nations is 10 yuan = $1
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the diagram. Demand is relatively inelastic:
A. at price P 3 .
B. at any price below P 2 .
C. in the P 2 P 4 price range.
D. in the P 2 P 3 price range.
Economics