Serena Williams should probably not mow her own lawn because

a. her opportunity cost of mowing her lawn is higher than the cost of paying someone to mow it for her.
b. she has a comparative advantage in mowing her lawn relative to a landscaping service.
c. she has an absolute advantage in mowing her lawn relative to a landscaping service.
d. she might sprain her ankle.

Answer a. her opportunity cost of mowing her lawn is higher than the cost of paying someone to mow it for her.

Economics

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In cases where a life insurance policy owner is not the same person as the insured, insurance companies often require that such purchases be for those with an "insurable interest"

For life insurance policies, close family members and business partners will usually be found to meet this test. In this case the purchaser is demonstrating that they would suffer an economic loss if the insured were to die. What economic argument could be made for why insurance companies would make such a restriction when it seems there might be a market for life insurance to people who wish to insure others for whom there is not such "insurable interest"?

Economics

The primary purpose of antitrust legislation is to

a. protect small businesses. b. protect the competitiveness of U.S. markets. c. protect the prices of American-made products. d. ensure firms earn only a fair profit.

Economics