Hans can do 4 loads of laundry per hour, and he can type 6 pages per hour. Maria can do 12 loads of laundry per hour, and she can type 8 pages per hour. In any given amount of time, _____.
Fill in the blank(s) with the appropriate word(s).
Ans: Maria has both an absolute and a comparative advantage in doing laundry
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Explain how society and culture relate to one another
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. Because immigration is tightly controlled, the vast majority of immigrants to the U.S. are skilled workers. 2. U.S. trade policy has tended to focus on reducing tariffs and other barriers to trade. 3. Relying on corporate codes of conduct to establish fair labor standards in an international market is a lot like relying on human resource policies to establish fair labor standards in a domestic market. 4. Compared to other economic integration agreements, like NAFTA, one can say that the European Union has the greatest degree of integration. 5. The North American Free Trade Agreement includes a common monetary and fiscal policy between member nations.
Which of the following statements regarding sole proprietorships is true?
a. A sole proprietorship is owned and operated by one person. b. Proprietorships have limited liability for the operation. c. Proprietorships are taxed as businesses. d. Ordinarily, the amount of capital available to proprietorships is equal to that available to other types of business organizations.
Which of the following investment options is not affected by a change in the market rates of interest?
A) Common stocks B) Corporate bonds C) Government bonds D) None of the above is correct; all are affected.