Refer to the table above. For trade to occur along the lines of comparative advantage, wages in A relative to wages in B (measured in the same currency)
A) must be at least twice but less than 3 times as great.
B) must be less than three times as small.
C) must be greater than $2 but less than $3.
D) Need more information to answer.
A
Economics
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In the table above, the marginal product of the 5th worker is ________ units per week
A) 2 B) 5 C) 10 D) 19
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An expansionary fiscal policy is likely to result in
A) higher interest rates and lower private investment. B) lower interest rates and higher private investment. C) higher interest rates and higher private investment. D) lower interest rates and lower private investment.
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