On average the productivity of an individual usually peaks when the individual is about
A) 20.
B) 30.
C) 50.
D) 60.
C
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Refer to Table 7-5
a. Which person has an absolute advantage in the production of pens? Pencils? b. Which person has a comparative advantage in the production of pens? c. Which person has a comparative advantage in the production of pencils?
Variance is a measure of ________ and the lower the variance, ________
A) expected profit; the lower the profit B) risk; the lower the risk C) standard deviation; lower the standard deviation D) risk; the greater the risk
Expectations that the price level will increase in the future will:
What will be an ideal response?
If a nation has a current account deficit and it does not have to make any inpayments or outpayments of official reserves, it must have a:
A. surplus in its capital and financial account. B. balance of payments deficit. C. balance of payments surplus. D. deficit in its capital and financial account.