Suppose an American worker can make 50 pairs of gloves or grow 300 radishes per day. On the other hand, a Bangladeshi worker can produce 100 pairs of gloves or grow 200 radishes per day. Using the concepts of absolute and comparative advantage, we can say that the United States has the comparative advantage in:
A. the production of both gloves and radishes.
B. neither the production of gloves nor radishes.
C. the production of gloves only.
D. the production of radishes only.
D. the production of radishes only.
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Which of the following was an element of the New Deal?
A. Wage and price controls B. Unemployment insurance and bank deposit insurance C. Regulation of the stock market D. Unemployment insurance, bank deposit insurance, and regulation of the stock market, but not wage and price controls
Results of the study done by Lee Benham on advertising for eyeglasses would suggest that
a. brand loyalty and market power in the eyeglass market was likely to be more pervasive in states that allowed advertising. b. eyeglass sales were more profitable in states that allowed advertising. c. optometrists would not be supportive of advertising restrictions. d. optometrists would enthusiastically endorse advertising restrictions.
It is often substantially cheaper to own and operate a used car rather than a new one because
A) the interest rate on a used car loan is generally lower. B) his is a trick question. All things considered, the cost per mile traveled is generally cheapest if you buy a new car every year. C) the depreciation cost for a new car will almost always be substantially higher. D) the maintenance cost of a new car is generally higher.
Of the following, what muscle is superior to the other three?
A. Gastrocnemius B. Intercostals C. Sternocleidomastoid D. Trapezius