Profit can be earned by buying _____________ and selling ____________________
A) at one price; at the same price
B) low; high
C) high: low
D) none of the above
B
You might also like to view...
In the above figure, if the minimum wage is set at $2 per hour, what quantity of labor is employed?
A) 100 million hours B) 200 million hours C) 300 million hours D) 400 million hours
Discrimination occurs when a group of people have different opportunities because of characteristics that have nothing to do with their individual abilities
a. True b. False
Generally, on a linear two-good production possibilities curve, the opportunity cost of the good measured on the vertical axis is:
A. the reciprocal of the opportunity cost of the good measured on the horizontal axis. B. one minus the opportunity cost of the good measured on the horizontal axis. C. the negative of the opportunity cost of the good measured on the horizontal axis. D. the absolute value of the slope of the production possibilities curve.
Which location would have the highest net primary productivity?
A. CHILE B. CHINA C. COLOMBIA D. COMOROS