A debit card differs from a credit card in that
A) a debit card is a loan while for a credit card purchase, payment is made immediately.
B) a debit card is a long-term loan while a credit card is a short-term loan.
C) a credit card is a loan while for a debit card purchase, payment is made immediately.
D) a credit card is a long-term loan while a debit card is a short-term loan.
C
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In Table 1, pizzas are classified as a(n)
A) normal good. B) positive good. C) inferior goods. D) marginal good.
If Evan has an absolute advantage in cleaning and bookkeeping when compared to Gloria, then
a. Evan must also have a comparative advantage in cleaning and bookkeeping b. Evan must have a comparative advantage in cleaning c. Evan must have a comparative advantage in bookkeeping d. Gloria has a comparative advantage in neither activity e. we can conclude nothing about comparative advantage