Comparative advantage in production of the good measured on the horizontal axis is identified with a straight-line production possibilities frontier that has a slope that is

A. positive.
B. larger in magnitude (or absolute value) and positive.
C. larger in magnitude (or absolute value).
D. smaller in magnitude (or absolute value).


Answer: C

Economics

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Indicate whether the statement is true or false

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Refer to the information below. What is the vertical intercept of the demand curve?

A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 - 5P. Each firm's marginal cost (MC) and average total cost (ATC) curves are horizontal at $10,000 per month. A) 0.50 B) 100,000 C) 0.20 D) 500,000

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a. insurance companies. b. foreign and international institutions. c. private investors. d. Federal Reserve banks and government agencies.

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Under the Texas law known as "rule of capture," land owners "get to pump as much of the water under it as they want. . ..  'This means whoever sucks it out first, it's their water'-even if that means there isn't enough left for others." Under this law, pumping large amounts of water:

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