Refer to the above table. It may be concluded that
A) Mexico has a comparative advantage in computer production.
B) Mexico has a comparative advantage in bicycle production.
C) The United States has a comparative advantage in producing both goods.
D) The United States has a comparative advantage in producing neither good.
A
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One plausible explanation of the U.S. productivity slowdown starting in 1973 is that it is an artifact of mismeasurement. This explanation would require that production of
A) goods is underestimated. B) goods is overestimated. C) services is underestimated. D) services is overestimated.
Dyson cordless vacuum cleaners offer heavy-duty performance for cleaning all floor types. The Dyson is also very lightweight and versatile. The price for the basic Dyson model is $599. Because the Dyson provides the user with really clean floors and carpets, the Dyson is an example of _
a. consumer value b. hedonic value c. utilitarian value d. perceived value