Lou and Alex live together and share household chores. They like to cook some meals ahead of time and eat leftovers. The table below shows the number of rooms they can each clean and the number of meals they can each cook in an hour. Rooms CleanedPer Hour Meals CookedPer HourLou54Alex33Which of the following is true?
A. Lou has a comparative advantage over Alex in cleaning.
B. Lou has both an absolute advantage and a comparative advantage over Alex in both tasks.
C. Alex has both an absolute advantage and a comparative advantage over Lou in both tasks.
D. Alex has a comparative advantage over Lou in cleaning.
Answer: A
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The Head Start program
A. has been successful in fostering better levels of school attainment. B. began in 1965. C. provides preschool activities for 4 and 5 year old disadvantaged students. D. all of these answer options are correct.
Which of the following correctly describes an aspect (or aspects) of the U.S. experience with affirmative action?
a. The Civil Rights Act of 1964 made it a felony for any private firm to employ a smaller percentage of minority workers than their overall percentage of the general population. b. All companies doing business with the federal government are required to set numerical hiring, promotion, and training goals to ensure that these firms did not discriminate in hiring based on race, sex, religion, or national origin. c. In 1989 the U.S. Supreme Court ordered Richmond, Virginia, to enact set-aside programs to reserve 30 percent of all construction work for minorities. d. The firms doing business with the federal government are allowed to discriminate in hiring based on race, sex, religion, or national origin.
Which of the following is the best example of a public good?
A. inoculation against a contagious disease B. access to broadband networks C. a streetlight D. garbage collection
Refer to the information provided in Figure 2.6 below to answer the question(s) that follow.
Figure 2.6Refer to Figure 2.6. Which of the following will shift an economy's production possibility frontier from ppf2 to ppf1?
A. a decrease in the economy's capital stock B. a change in consumer's tastes C. an increase in production efficiency D. economic growth