You and your roommate must divide the cooking and cleaning duties. Which of the following will contribute toward giving you a comparative advantage in cleaning?
A) You develop a contagious disease.
B) Your roommate develops an allergy to dust.
C) Your roommate takes a course in cooking.
D) All of the above.
E) None of the above.
D
You might also like to view...
In the figure above, to use fiscal policy to move the economy back to potential GDP, the government must increase government expenditure by ________ $1 trillion and/or decrease taxes by ________ $1 trillion
A) more than; more than B) less than; less than C) less than; more than D) exactly; exactly E) more than; less than The figure above shows an economy aggregate demand curve and aggregate supply curves.
In the figure above, the price of bonds would fall from P2 to P1 if
A) there is a business cycle recession. B) there is a business cycle expansion. C) inflation is expected to increase in the future. D) inflation is expected to decrease in the future.
The point at which real GDP reaches a maximum during a business cycle is called the:
a. peak. b. recession. c. recovery. d. trough.
Which is greater, gross domestic product or national income? By how much?
a. Gross domestic product < National income; indirect business taxes, depreciation, and income earned by foreigners in the United States b. Gross domestic product < National income; net exports and indirect business taxes c. Gross domestic product > National income; net exports and indirect business taxes d. Gross domestic product > National income; indirect business taxes, depreciation, and income earned by foreigners in the United States