Which of the following statements contradicts the evidence shown in the graph shown? 
A. Income is more equally distributed in Sweden than it is in Taiwan.
B. Income is more equally distributed in Taiwan than it is in the United States.
C. Income is more equally distributed in Sweden than it is in Brazil.
D. Income is more equally distributed in the United States than it is in Brazil.
Answer: B
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If Eddie can produce 40 milk shakes or 20 banana splits in an hour, and Tina can produce 30 milk shakes or 16 banana splits in an hour, then Eddie has a comparative advantage in producing milk shakes
Indicate whether the statement is true or false
Technology or production processes developed in a particular country:
A. may give that country a temporary comparative advantage. B. may set that country back until they earn back the research and development costs. C. will give that country a permanent comparative advantage. D. generally are not transferrable to other nations.
Which of the following is an example of wealth?
a. a yearly salary of $40,000 b. a mutual fund balance of $1,000 c. rental payments of $3,000 per month d. stock dividends of $500 per quarter
What do most economists believe about the future of business cycles?
(A) Business cycles will grow more extreme, with higher peaks and deeper troughs. (B) Economists have made no predictions about future business cycles. (C) Advances in technology have brought business cycles to an end. (D) Business cycles will continue to drive our economy.