Mary can clean 20 windows per hour or type 30 pages of paper per hour. Tom can clean 18 windows per hour or he can type 25 pages of paper per hour. Based on this
A. Mary has comparative advantages in both activities.
B. Tom has a comparative advantage in cleaning windows.
C. Tom has comparative advantages in both activities.
D. Mary has a comparative advantage in cleaning windows.
Answer: B
Economics
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The Baumol-Tobin analysis suggests that an increase in the brokerage fee for buying and selling bonds will cause the demand for money to ________ and the demand for bonds to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Economics
A tariff is
A) a government-imposed restriction on the quantity of a specific good that can be imported into the country. B) a tax on imported goods. C) a subsidy on domestically produced goods. D) a voluntary agreement to restrict exports.
Economics