"The change in the value of the variable measured on the y-axis divided by the change in the value of the variable measured on the x-axis" is the definition of
A) a trend.
B) a graph.
C) a relationshi
D
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Suppose that in Slovakia one unit of labor can produce either 16 tons of wheat or 32 tons of soy and in Poland one unit of labor can produce either 4 tons of wheat or 2 tons of soy. Given this information, which of the following statements is true?
A. Slovakia has a comparative advantage in producing neither wheat nor soy. B. Slovakia has a comparative advantage in producing both wheat and soy. C. Poland has a comparative advantage in producing soy but not wheat. D. Poland has a comparative advantage in producing wheat but not soy.
Due to the existence of the FDIC, banks
A) have not changed their behavior even with the existence of insurance. B) are no longer concerned about net worth. C) become more cautious in making loans. D) may make riskier loans knowing that their depositors are insured.
Government assistance to farmers, which seeks to maintain a target price by buying surplus output, results in
A) higher prices and less food for consumers. B) higher prices and more food for consumers. C) lower prices and less food for consumers. D) lower prices and more food for consumers.
One advantage of a partnership is
A. they are easy to form. B. lower costs. C. they are double taxed. D. all the profits go to the older partner.