Refer to the information provided in Table 2.1 below to answer the following question(s).
Table 2.1?KrystalMarkWriting Poems812Writing TV Commercials24Refer to Table 2.1. Which of the following statements is true?
A. Krystal has a comparative advantage in both writing TV commercials and writing poems.
B. Mark has a comparative advantage in both writing TV commercials and writing poems.
C. Mark has a comparative advantage in writing TV commercials, and Krystal has a comparative advantage in writing poems.
D. Krystal has a comparative advantage in writing TV commercials, and Mark has a comparative advantage in writing poems.
Answer: C
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Greenwood and Yorukoglu view the post-1973 productivity slowdown as resulting from
A) the information technology revolution. B) high oil prices. C) measurement errors. D) technological depletion.
Refer to the above figure. Demand will be unit-elastic when quantity is between
A) 0 and A. B) 0 and B. C) A and B. D) B and C.
If the crowding-out effect is strong, how will the potency of discretionary fiscal policy be affected?
A. It will make fiscal policy more potent. B. It will make fiscal policy less potent. C. The potency of fiscal policy will be unaffected. D. The potency of only contractionary fiscal policy will be reduced.
Table 10.1Refer to Table 10.1, which shows the relationship between the price that Gladys charges for a product and the quantity of that product that Gladys sells. The marginal revenue that Gladys receives from selling the fourth unit of output is:
A. $3. B. $6. C. $10. D. $24.