Refer to the accompanying table. According to the table, Corey has the absolute advantage in: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. delivering pizza.
B. neither making nor delivering pizza.
C. making pizza.
D. making and delivering pizza.
Answer: C
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When a country gains from trade:
A. everyone in that country benefits from the trade. B. the net gain of surplus is positive for that country. C. the total producer surplus increased in the country. D. the total consumer surplus increased in the country.
Specialization and trade allow an economy to expand its:
a. production possibilities. b. consumption possibilities. c. technological advantage. d. absolute advantage.
The United States 2007 Gross-Public-Debt to GDP ratio is
a. similar to the ratios in most of the OECD countries b. considerably higher than it is in most OECD countries c. considerably lower than it is in most OECD countries d. considerably higher than it was in 1990 e. considerably lower than it was in 1990
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.