If Brazil can produce 5 shirts or 4 pounds of beef in a day, and Uruguay can produce 10 shirts or 2 pounds of beef in a day, then Brazil has a comparative advantage in the production of beef
a. True
b. False
Indicate whether the statement is true or false
True
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Discuss how a politicians "policy differentiation" from his opponent in an election softens the competition over how much in political rents the politician will be able to collect.
What will be an ideal response?
The equilibrium point is at the intersection of the two curves because ______.
a. market demand equals market supply
b. market demand exceeds market supply
c. market demand is less than market supply
d. market demand is unrelated to market supply
If the real GDP of a DVC increases from $600 billion to $630 billion and its population increases from 200 million to 216 million, its real per capita GDP will have:
A. increased by about $83. B. decreased by about $83. C. remained unchanged. D. decreased by about $19.
The idea that a dollar in the hand of a rich person is worth less than a dollar in the hand of a poor person is a consequence of ________ justice.
A. utilitarian B. social C. absolute D. Rawlsian