If resources and goods are free to move across states and if Oregon producers choose to specialize in producing honey while California producers choose to specialize in growing almonds, then we could reasonable conclude that:
a. California has a comparative advantage in producing almonds
b. Oregon has a comparative advantage in producing honey.
c. the opportunity cost of growing almonds is lower in California than in Oregon.
d. all of the above are true.
d
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A student is studying for an exam 2 hours a day and is debating whether to study an extra hour. The student's marginal benefit
A) depends on the grade the student earns on the exam. B) is the benefit the student receives from studying all 3 hours. C) is the benefit the student receives from studying the extra hour. D) is greater than the student's marginal cost.
Education ____ create external benefits; it ______ provide a valuable signally function
a. Does; does b. Does, does not c. Does not; does d. Does not; does not
Explain the three growth-creating properties of innovation
In the simplified circular flow diagram, leakage can occur when consumers save some income
a. True b. False Indicate whether the statement is true or false