If Shawn can produce more donuts in one day than Sue can produce in one day, then
a. Shawn has a comparative advantage in the production of donuts.
b. Sue has a comparative advantage in the production of donuts.
c. Shawn has an absolute advantage in the production of donuts.
d. Sue has an absolute advantage in the production of donuts.
c
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The poverty rate for female households with no spouse present is approximately
a. 10 percent. b. 20 percent. c. 30 percent. d. 40 percent.
Which country has had a higher growth rate than the U.S. over about the last 120 years?
a. India b. Mexico c. United Kingdom d. Pakistan
If income increases, then the:
A. budget line shifts to the right. B. budget line rotates clockwise. C. opportunity set contracts. D. budget line rotates counterclockwise.
According to the above figure, the maximum profit the monopolist can receive is
A. $1,500 per day. B. $7,500 per day. C. $9,000 per day. D. 0.