In one week Alice can produce 5 pairs of shoes or 4 bookshelves while Roger can produce 10 pairs of shoes or 6 bookshelves. Alice should specialize in the production of
A) shoes.
B) bookshelves.
C) either shoes or bookshelves.
D) neither shoes nor bookshelves.
B
Economics
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What will be an ideal response?
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When online seller Amazon sets the default mail option as two-day mailing instead of the free-shipping option, it is employing:
A. a RECAP. B. a nudge. C. a push. D. a tax.
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In the used car market, the less-informed party is the ________. In the health care market, the less-informed party is the ________.
A. buyer; seller B. seller; buyer C. buyer; government D. seller; government
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Which of the following is a price floor?
A) rent controls B) minimum wage rates C) a freeze on upward-moving gasoline prices D) college tuition caps
Economics