Based on Table 3.1, which country or countries has an absolute advantage and a comparative advantage in shoes?
A) Mexico has an absolute and comparative advantage in shoes.
B) The United States has an absolute and comparative advantage in shoes.
C) The United States has a comparative advantage, and Mexico has an absolute advantage in shoes.
D) Mexico has a comparative advantage, and the United States has an absolute advantage in shoes.
D
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During the 1990s and the first decade of the 2000s
a. polls have shown that U.S. citizens are more concerned about inflation than any other national problem b. the U.S. inflation rate reached double digits (10 percent or higher) c. the U.S. economy consistently experienced deflation (a falling price level) d. the U.S. inflation rate averaged about 8 percent per year e. the U.S. inflation rate averaged less than 3 percent per year
Most cartels self-destruct because cartel members cheat
Indicate whether the statement is true or false
Which of the following countries is NOT among the 10 largest economies in the world?
A. Brazil. B. India. C. Israel. D. China.
A tax that distorts an economic decision always imposes an excess burden and decreases efficiency.
Answer the following statement true (T) or false (F)