Refer to the given data. At the $100 level of income, the average propensity to save is:
A. .10.
B. .20.
C. .25.
D. .90.
A. .10.
Economics
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Since only a few firms dominate the oligopoly market, cutthroat competition does not exist
a. True b. False Indicate whether the statement is true or false
Economics
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Country B has the ________ advantage in the production of tablets, which means they should specialize in ________.
A. comparative; iPods B. absolute; tablets C. absolute; iPods D. comparative; tablets
Economics