Refer to Table 9-8. Fill in the following table with the opportunity costs of producing bows and arrows for Ahmet and MyLinh
Bows Arrows
Ahmet
MyLinh
Bows Arrows
Ahmet 4 0.25
MyLinh 3 0.33
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Government revenue from printing money is referred to as:
A) menu costs. B) seigniorage. C) shoeleather costs. D) excise tax
Figure 4.4 illustrates the supply of tacos. A decrease in the supply of tacos is represented by a movement from
A) point a to point b. B) point c to point b. C) S0 to S1. D) S2 to S1.
Foreign portfolio investment occurs when an individual or firm buys stock or bonds issued in another country
Indicate whether the statement is true or false
Two nations have the following production capacity given their endowment of resources. Country A can produce 50 units of beer or 80 units of pizzas. Country B can produce 100 units of beer or 90 units of pizzas. Which of the following statement is most appropriate?
A. Country A has a comparative advantage in beer and country B has an absolute advantage in pizzas. B. Country A has a comparative advantage in pizza and country B has a comparative advantage in beer. C. Country A has an absolute advantage both products. D. Both b and c are correct.