Refer to Table 2-5. Estonia has a comparative advantage in the production of
A) neither product. B) lumber. C) cell phones. D) both products.
B
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Which of the following is used by lenders to reduce the problems that arise from asymmetries of information?
A) patent contracts B) collateral C) decreased interest rates D) restrictive contents
The entity that issues a bond is called the
a. debtor b. creditor c. bond-issuing agent d. licensed bonder e. c and d
The following graph shows the production possibilities curve for the economy with only two members, Silvia and Art. Silvia can produce either 50 pounds of beef or 2 computers per week, and Art can produce 100 pounds of beef or 1 computer per week. Both of them work 40 weeks per year.
Art's opportunity cost of producing one computer is ________ pounds of beef.
A. 1/50 B. 50 C. 1/100 D. 100
In a two-sided market with network effects, the platform will likely
A) charge a lower price for end users that are more affected by a positive market feedback. B) charge a higher price for end users that are more affected by a positive market feedback. C) charge a zero price for all end users regardless of the market feedback effects. D) randomly charge end users.