We might predict that Japan has a comparative advantage compared to Russia in the production of hi-tech electronics because Japan has:
A. a climate is more suitable for electronics.
B. more land available to build manufacturing plants on.
C. more advanced electronics technology.
D. more unskilled labor available for production.
C. more advanced electronics technology.
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Labor productivity measures output per hour of work
a. True b. False Indicate whether the statement is true or false
Figure 3-3
In , if the initial demand for margarine were D1, the impact of an increase in the price of margarine from $0.35 to $0.40 per pound on consumer purchases would be illustrated as
a.
a shift in the demand curve to D2.
b.
a shift in the demand curve to D3.
c.
a movement upward to the left along the original demand curve D1.
d.
none of the above.
Explain what is meant by a command economy
Please provide the best answer for the statement.
What is 25 percent of 200?
A. 25 B. 8 C. 100 D. 50