The biggest difference among football teams in terms of revenue-generating capacity is

A centrally planned economy has a planning authority that decides

A) how the products are produced. B) who receives the products. C) what products to produce. D) all of the above.

Refer to Figure 2-14. If the two countries have the same amount of resources and the same technological knowledge, which country has an absolute advantage in the production of popsicles?

A) Greenland B) They have the same advantage. C) Iceland D) cannot be determined Table 2-20 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.