In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. Which of the following statements about comparative advantage is CORRECT?
A) Brandon has a comparative advantage in both plowing and planting.
B) Brandon has a comparative advantage only in plowing.
C) Brandon has a comparative advantage only in planting.
D) Christopher has a comparative advantage in both plowing and planting.
C
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The private sector balance is saving ________ investment. If saving exceeds investment, a private sector ________ is lent to other sections. If investment exceeds saving, borrowing from other sectors finances a private sector ________
A) minus; deficit; surplus B) plus; surplus; deficit C) minus; surplus; deficit D) plus; deficit; deficit E) minus; surplus; surplus
Which of the following is a permanent member of the Federal Open Market Committee?
A) President of the New York Federal Reserve Bank B) President of the Washington, D.C. Federal Reserve Bank C) Comptroller of the Currency D) Secretary of the Treasury
Which tax form would you select for a Corporation?
a. Form 1120 b. Form 1120S c. Form 1065 d. Form 1040S
If Eddie can produce 40 milk shakes or 20 banana splits in an hour, and Tina can produce 30 milk shakes or 16 banana splits in an hour, then Eddie has a comparative advantage in producing milk shakes.
Answer the following statement true (T) or false (F)