In an open economy, how many TVs will this country import?
A. 120,000
B. 60,000
C. 30,000
D. 90,000
Answer: B
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Leontief's results can be interpreted as
A) evidence against the classical model. B) evidence against the Heckscher-Ohlin model. C) support for the classical model. D) support for the Heckscher-Ohlin model.
Ferdinand Magellan was one of the leading explorers from _____
a. England b. France c. Holland d. Portugal e. Spain
Opportunity cost is subjective because of which of the following?
a. The calculating of opportunity cost takes information on time and other alternatives which vary from person to person. b. Use of time on a project is the same for each person. c. Alternatives are the similar for every person. d. Amount of time needed to complete a task is the same for every person.