Suppose that the United States can make 15 cars or 20 bottles of wine with one year's worth of labor. France can make 10 cars or 18 bottles of wine with one year's worth of labor. From these numbers, we can conclude that
a. the United States has a comparative advantage in the production of cars.
b. France has a comparative advantage in the production of wine.
c. the United States has an absolute advantage in the production of cars.
d. All of the above are correct.
d
Economics
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A) the sum of private saving and government saving. B) reduced by government budget deficits. C) the sum of private saving and the government budget deficit or surplus. D) all of the above.
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A woman gives her boyfriend a birthday present. The gift could be viewed by the boyfriend as a
a. moral hazard problem. b. screening device. c. signal of how much she cares for him. d. All of the above are correct.
Economics