Given that Sandy can produce 10 economics reports or 2 sales calls and Tim can produce 2 economics reports or 1 sales call, which of the following is FALSE?
A) Sandy has a comparative advantage in sales calls.
B) Tim has a comparative advantage in sales calls.
C) Sandy has a comparative advantage in economics reports.
D) Sandy has an absolute advantage in both economics reports and sales calls.
A
Economics
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The United States began to report its gross domestic product (GDP) only since
A) 1900. B) 1921. C) 1931. D) 1941. E) 1991.
Economics
A prisoner's dilemma exists when
A) all parties are as well off as possible. B) all parties are worse off than would be the case if the parties could agree to another set of behaviors. C) all but one party is worse off. D) there are no benefits at all from any strategy.
Economics