In the United States, Texas ranks number one in the amount of installed megawatts for wind power generation and Florida ranks number one in the number of beach vacations. These facts point out that
A) Texas has a comparative advantage in wind power generation.
B) Texas definitely has an absolute advantage in wind power generation.
C) Florida should produce more wind energy.
D) Florida can produce wind energy at a lower opportunity cost than can Texas.
A
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According to political business cycle theory, if the Fed wanted to increase the chances of a President's re-election, what specific actions might it take?
Specialization in trade will be economically efficient if it is based upon
A. national security needs. B. comparative advantage. C. absolute advantage. D. government regulations.
Explain why a firm can earn more profit by price discrimination than from setting a uniform price
What will be an ideal response?
The Sherman Antitrust Act of 1890
A. limited mergers that would substantially lessen competition or tend to create a monopoly. B. made tying contracts illegal. C. banned price discrimination. D. made illegal every conspiracy in restraint of trade or commerce among the several states.