An online dating firm is
A) a platform in a shared-input market.
B) an end user in a matchmaking market.
C) a platform in a matchmaking market.
D) an end user in a shared-input market.
C
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Huey and Steve can grow potatoes or tomatoes. The table above shows the pounds of potatoes and tomatoes Huey and Steve can grow in a week. Based on the table, which of the following statements is correct?
A) Steve has a comparative advantage in both potatoes and tomatoes. B) Huey has an absolute advantage in potatoes only. C) Steve has an absolute advantage in both potatoes and tomatoes. D) Huey has an absolute advantage in both potatoes and tomatoes. E) Steve has an absolute advantage in potatoes only.
Refer to the table. A total output of 3 units of capital goods and 4 units of consumer goods:
Answer the question on the basis of the data given in the following production possibilities
table:
A. is irrelevant because the economy is capable of producing a larger total output.
B. will result in the maximum rate of growth available to this economy.
C. would involve an inefficient use of the economy's scarce resources.
D. is unobtainable in this economy.