Darryl can build picnic tables twice as fast as Trevon. Darryl can assemble swing sets three times as fast as Trevon. The law of comparative advantage suggests that
a. Darryl can gain only at Trevon's expense.
b. Trevon can gain only at Darryl's expense.
c. both can gain if Darryl specializes in assembling swing sets and Trevon in building picnic tables.
d. both can gain if Darryl specializes in building picnic tables and Trevon in assembling swing sets.
C
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In the figure above, the efficient amount of output is
A) 20 units per day. B) 40 units per day. C) 60 units per day. D) 80 units per day.
According to the benefits-received principle, those who receive the benefits from a government program should pay the taxes that support the program
Indicate whether the statement is true or false
If the bidders at an oral auction have true values of $78, $72, $66, and $65, the item will sell for
a. $78 b. just under $78 c. $72 d. just over $72
Capital income includes:
A. wages and salaries. B. earnings of the self-employed. C. profits, rent, and interest. D. capital gains from stock sales.