Refer to the tables. According to the concept of comparative advantage:
Answer the question on the basis of the following production possibilities tables for countries Alpha and Beta:
A. Alpha should specialize in X; Beta, in Y.
B. Beta should produce some X and some Y.
C. Alpha should produce some X and some Y.
D. Beta should specialize in X; Alpha, in Y.
D. Beta should specialize in X; Alpha, in Y.
You might also like to view...
A merger between the Ford Motor Company and General Motors would be an example of a
A) conglomerate merger. B) vertical merger. C) horizontal merger. D) trust.
Suppose an individual experiences a permanent increase in income. As a result of this increased income, further assume that the individual eats dinner at restaurants more frequently each month
This information suggests that dinners at restaurants for this individual are A) an inferior good. B) a substitute good. C) a normal good. D) both complimentary and inferior.
Refer to the above table. The marginal utility of the 7th movie for Michael is
A. 35 units of utility. B. 435 units of utility. C. 20 units of utility. D. 15 units of utility.
Which specific government agency monitors unemployment?
A. Commerce Department B. Bureau of Labor Statistics C. Executive Branch D. State Department