Assume a two-commodity, two-country world. Then assume that the U.S. has a comparative advantage in the production of computers and Mexico has a comparative advantage in the production of oil. Which of the following statements is true?
A. U.S. consumption of oil will decrease after the introduction of trade.
B. U.S. consumption of oil will increase after the introduction of trade.
C. Mexico's consumption of oil will decrease after the introduction of trade.
D. All of the statements are true.
B. U.S. consumption of oil will increase after the introduction of trade.
Economics
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The above table shows the short-run production function for Albert's Pretzels. The marginal product of labor equals the average product of labor
A) for all levels of labor. B) at none of the levels of labor. C) only for the first worker. D) only for the fifth worker.
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Rent subsidies are primarily financed by the states
a. True b. False
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