Refer to the information provided in Table 2.2 below to answer the following question(s).Table 2.2?MollyPeteAvatar Design68Tattoo Design32Refer to Table 2.2. Which of the following statements is true?
A. Molly has a comparative advantage in both avatar design and tattoo design.
B. Pete has a comparative advantage in avatar design and Molly has a comparative advantage in tattoo design.
C. Molly has a comparative advantage in avatar design and Pete has a comparative advantage in tattoo design.
D. Pete has a comparative advantage in both avatar design and tattoo design.
Answer: B
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A. is the horizontal summation of the individual demand curves. B. shows how market purchases vary with price. C. slopes downward. D. both a and b E. all of the above
Often Eurodollar deposits earn higher returns than U.S. bank deposits for all of the following reasons except:
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The Slippery Slope Company manufactures only snow skis. In 2016 Slippery Slope manufactured 10,000 snow skis, but sold 12,000 snow skis. In 2016 Slippery Slope's change in inventory was ________ snow skis.
A. -8,000 B. -2,000 C. 2,000 D. 22,000