Developing countries can be expected to have a comparative advantage in industries requiring a relatively large amount of skilled labor

The law of supply states that other things being equal

A) supply creates its own demand. B) supply will increase if productivity increases. C) as price increases, quantity supplied increases. D) supply will increase to meet demand if demand increases.

In a coin toss bet, where both heads and tails are equally likely, you win a $2 on heads but lose $1 on tails. The expected value of the bet is

a. $0.50 b. -$0.50 c. $1.00 d. $0.00