It is possible for China to have an absolute advantage over Japan in the production of rice, but not a comparative advantage over Japan in its production
Indicate whether the statement is true or false
T
Economics
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National income accounting can best be characterized as:
a. a set of rules used to summarize economic activity over a given period of time. b. a method for comparing different political systems. c. a microeconomic model of the economy used by the Federal Reserve bank. d. a statistical measure of the income received by consumers as opposed to businesses. e. a standardized economic report authored by politicians.
Economics
Refer to the information provided in Figure 8.7 below to answer the question(s) that follow. 
Figure 8.7 Refer to Figure 8.7. If Buffy gives 17 perms per day, her daily profit is
A. $3. B. $51. C. $153. D. $204.
Economics