Refer to Figure 2-13. Which country has a comparative advantage in the production of pineapples?
A) Costa Rica B) They have equal productive abilities.
C) Guatemala D) neither country
A
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The percentage change in quantity demanded that results from a 1 percent change in price is known as the:
A. price elasticity of supply. B. cross-price elasticity of demand. C. price elasticity of demand. D. income elasticity of demand.
Relative to an environment with free trade and no tariff, the winners from the tariff are the domestic ________, and the losers from the tariff are the domestic______. 
A. consumers of sugar and the government; producers of sugar B. producers of sugar; consumers of sugar and the government C. consumers of sugar; producers of sugar D. producers of sugar and the government; consumers of sugar
If the cross-price elasticity of demand for two goods is -4.5, then
a. the two goods are substitutes. b. the two goods are complements. c. one of the goods is normal while the other good is inferior. d. one of the goods is a luxury while the other good is a necessity.
When a firm focuses on hiring only for entry-level jobs and tends to promote from within the firm, then the firm is said to
A. use compensating differentials. B. hire based on human capital. C. use the benchmark competitive labor market. D. have an internal labor market.