According to the law of comparative advantage, a doctor who is also a talented auto mechanic should
a. get a part-time job at a gas station.
b. do her own auto repairs and those of her neighbors.
c. hire a professional mechanic to repair her car.
d. only repair the cars of other doctors.
c
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Use the following diagram to answer the next question.
In the diagram, solid arrows reflect real flows and broken arrows are monetary flows. Flow (2) might represent
A. the provision of national defense by government. B. a government subsidy to farmers. C. welfare payments to low-income families. D. corporate income tax payments.
An ideal voting system will not function if a _________ is present, and has the power to enact his or her own preferences.
A. bully B. representative C. consul D. dictator
What is the percentage of income received by the middle three quintiles on line X?
The International Monetary Fund was created as a part of:
A. the Bretton Woods System. B. the United Nations. C. the European Monetary Union. D. the Federal Reserve System.