If you can make $25,000 a year teaching, $20,000 a year writing computer programs, $30,000 a year driving a cab, and $40,000 a year as an actor or actress. You have a comparative advantage in
A) teaching.
B) writing computer programs
C) being an actor or actress.
D) one of them but we need more information to know which.
Answer: C
Economics
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Under the Bretton Woods system, the organization assigned the task of making loans to countries that were experiencing balance of payments difficulties is known as the
A) World Bank. B) International Development Association. C) International Monetary Fund. D) Federal Reserve System.
Economics
The entity that purchases a bond is called the
a. debtor b. creditor c. bond-purchasing agent d. bond licensee e. c and d
Economics