A country should export only those goods for which, relative to its trading partners, it has the
a. absolute advantage
b. highest opportunity cost
c. lowest production possibilities
d. strongest demand
e. lowest opportunity cost
E
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Which type of ratio measures the ability of a business to meet short-term financial obligations?
a. liquidity ratios b. activity ratios c. financial leverage ratios d. profitability ratios e. value of the firm ratios
The following table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase.CPUGHzTotal BenefitMarginal BenefitTotal CostsMarginal Costs2.0$1,000 $900 2.5$1,400 &1003.0 $300$1,200 3.5$1,900 &1,500 4.0$2,000 &400The total cost of a 2.5GHz computer is:
A. $200. B. $900. C. $1,000. D. $100.
Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
The questions below are based on the table below. Fill in the blank spaces first. 
The Supply of Labor is W = 10 + 3QLHow many laborers will be hired and what will the wage be if both product and labor markets are perfect and the going wage is $18 per worker?
What will be an ideal response?