If the United States could produce 4 tons of potatoes or 2 tons of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, the country with the comparative advantage in producing wheat is ____ and the country with the absolute advantage in producing potatoes is ____
a. the United States; the United States
b. the United States; Ireland
c. Ireland; the United States
d. Ireland; Ireland
c
Economics
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Economic development in DVC often focuses on capital accumulation. Why?
What will be an ideal response?
Economics
The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production.
The average total cost curve is represented by which curve?
A. I B. II C. III D. IV
Economics