Refer to Table 2-16. Finland has a comparative advantage in the production of

A) neither product. B) both products. C) lumber. D) cell phones.


D

Economics

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George purchased a $10,000 bond that pays a nominal interest rate of 8 percent per year. George's marginal income tax rate is 28 percent. Over the last year, inflation was 3 percent

Find George's before-tax real interest rate and his after-tax real interest rate.

Economics

The law of supply states that

a. as prices increase, quantity supplied decreases. b. price changes are always in the same direction as supply changes. c. a change in price causes a change in supply. d. price and quantity supplied are positively or directly related.

Economics

Refer to Table 2.1. GDP in 2013 is

A) $243.00. B) $267.50. C) $294.00. D) $302.50.

Economics

Which of the following would not be a part of the merchandise trade balance?

a. Exports of consumer durables b. Merchandise imports c. International freight costs d. Computer hardware exports e. Sale of domestically produced cars to foreigners

Economics