The above table has data from the nation of Atlantica. Based on these data, when disposable income equals 2.0 there is
A) dissavings of $3.0 trillion.
B) dissavings of $1.0 trillion.
C) savings of $1.0 trillion.
D) savings of $3.0 trillion.
E) dissavings of $5.0 trillion.
B
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Wendy's must decide whether to grow its own potatoes for French fries. Growing potatoes is a very different process from running a fast-food restaurant. Based on this information alone, should Wendy's grow its own potatoes?
a. No, because Wendy's managers have bounded rationality. b. Yes, because Wendy's managers have bounded rationality. c. No, because there is a small number of potato suppliers. d. Yes, because there is a small number of potato suppliers. e. No, because it is easy to observe the quality of potatoes.
A country has a comparative advantage over another in the production of gadgets if it can produce
A. more gadgets than can the other country. B. more gadgets than can any other country. C. gadgets more efficiently than it can produce any other good. D. gadgets at lower opportunity cost than can the other country.