In the figure above, if Mac and Izzie both completely specialized and traded with one another, their joint output would be
A) 3 computers and 3 TV sets per month.
B) 6 computers and 6 TV sets per month.
C) 12 computers and 12 TV sets per month.
D) 24 computers and 24 TV sets per month.
C
Economics
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Variables that change before real GDP changes are measured by the:
a. personal income index. b. real GDP index. c. forecasting gauge. d. index of leading indicators.
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Developing nations
a. often lack the natural resources, skilled labor, or capital to improve their standards of living. b. typically do not need outside help. c. generally experience productivity increases greater than their population growth rates. d. should not accept long-term aid in the form of technical assistance and capital.
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