Which of the following happens at q2?
a. P2 = ATC
b. P2 > ATC
c. P2 < ATC
d. P2 ÷ ATC
a. P2 = ATC
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Health care improvements often don't happen because:
A. they are too expensive to have any significant impact. B. national health insurance only exists in highly developed countries, like the U.S. C. doctors in government clinics have no incentive to practice good medicine. D. home remedies and traditional medicine are generally more expensive.
On-the-job training is the one area of education in the United States most influenced by the
a. business sector. b. government sector. c. household sector. d. foreign sector.
Assume South Korea and Vietnam have the same amount of resources. In a given time period, South Korea can produce 100,000 jackets or 1,000,000 shirts. Vietnam can produce 200,000 jackets or 2,000,000 shirts. This means that
A. Vietnam has an absolute advantage in both jackets and shirts. B. South Korea has an absolute advantage in jackets. C. South Korea has a comparative advantage in jackets. D. Vietnam has a comparative advantage in shirts.
Dividing the change in quantity on the horizontal axis by the change in quantity on the vertical axis calculates the slope of a line.
Answer the following statement true (T) or false (F)