Specialization and exchange result from differences in productivity that lead to
A) self-sufficiency. B) comparative advantage.
C) absolute advantage. D) opportunity cost.
B
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The poverty line is meant to distinguish
A. absolute poverty. B. relative poverty. C. absolute inequality. D. relative inequality.
Which of the following is the geometric mean of 4 and 9?
A) 6.5 B) 6 C) 36 D) 3.6
The above figure shows a graph of the market for pizzas in a large town. What are the equilibrium price and quantity?
A) p = 8, Q = 60 B) p = 7, Q = 40 C) p = 7, Q = 70 D) p = 10, Q = 40
The central idea behind the Troubled Asset Relief Program was for the Treasury to sell mortgage-backed securities to interested investors, wait for prices to increase, and then buy these securities back for a profit
a. True b. False Indicate whether the statement is true or false