Refer to the information provided in Table 20.1 below to answer the question(s) that follow. Table 20.1
Refer to Table 20.1. Guatemala has
A. a comparative advantage in orange production.
B. an absolute advantage in orange production.
C. a comparative advantage in banana production.
D. an absolute advantage in banana production.
Answer: C
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You read a story in the newspaper announcing the proposed merger of Dell Computer and Gateway. The merger is expected to greatly increase Gateway's profitability. If you decide to invest in Gateway stock, you can expect to earn
A) above average returns since you will share in the higher profits. B) above average returns since your stock price will definitely appreciate as higher profits are earned. C) below average returns since computer makers have low profit rates. D) a normal return since stock prices adjust to reflect expected changes in profitability almost immediately.
Which of the following is not an example of a "workfare" component in a welfare program?
a. job skill training b. required job searches c. tougher child support laws d. required work in paid or unpaid jobs e. required participation in training programs
There is no evidence that links changes in saving to changes in GDP
Indicate whether the statement is true or false
According to 2014 data on the U.S. population, which of the following groups of adults of prime working age (ages 25-54) had the lowest unemployment rate?
a. white males b. white females c. black males d. black females