Germany has a comparative advantage in the production of which product?
cameras
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The table above gives the demand schedule for peas. Between point A and point B, the price elasticity of demand equals
A) 0.11. B) 0.50. C) 0.22. D) 9.09.
Suppose Bev's Bags makes large handbags and small handbags. They sold 70,000 large bags for $45 each and 25,000 small bags for $15 each. What was the total revenue for this company?
A. $2,850,000 B. $375,000 C. $3,525,000 D. $3,150,000
When the profits of a corporation are taxed and the dividends paid to stockholders are also taxed
A. the government is engaging in double taxation. B. the government is engaging in capital gains taxation. C. the government is engaging in progressive taxation. D. the government is engaging in regressive taxation.
Assets minus liabilities equals net worth.
Answer the following statement true (T) or false (F)