Based on Table 3.1, which country or countries has an absolute advantage and a comparative advantage in shoes?
A) Mexico has an absolute and comparative advantage in shoes.
B) The United States has an absolute and comparative advantage in shoes.
C) The United States has a comparative advantage, and Mexico has an absolute advantage in shoes.
D) Mexico has a comparative advantage, and the United States has an absolute advantage in shoes.
D
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Sarah buys shares from a financial institution that uses her funds together with other funds to purchase U.S. treasury bills. Sarah has deposited her money into a ________
A) savings bank B) credit union C) money market mutual fund D) savings and loan association
Specialization of productive activity between men and women might explain why
A) a married woman earns less than a married man. B) a never-married man earns more than a never-married woman. C) a never-married man earns the same as a married man. D) None of the above answers is correct.