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Fewer than 2% of Americans are farmers today while 150 years ago most people were farmers. Those individuals who are still farmers today most likely have:
A. a comparative advantage in farming.
B. a relative advantage in farming.
C. no skills for manufacturing or service-related jobs.
D. no other available options.
E. A and C.
A young physician makes $250,000 per year with an annual salary increase of 2%. He is interested in buying a house. He has $130,000 in his savings account. The appraisal value for the house is $600,000. After exhaustive shopping for a mortgage, a ban..
The three problems of resource allocation are faced by
An HR manager comes with an matter symptomatic of an underlying problem. He says which levels of employee motivation in his organization are dropping leading to drop in employee productivity.
Given that a central bank is deemed a necessity in a free market economy should we leave it as it is or place more legislative controls?
Toby is indifferent between the bundles (9, 3) and (5, 5). When Toby is at (9, 3), he would be willing to give up one unit of y if he were to receive two units of x. If Toby is at (5, 5), he would be willing to give up four units of x if he were to r..
A "run on gasoline" occurs when consumers' fears of gas shortages in the future lead them to demand more gasoline now. Using supply and demand analysis, which of the following is consistent with this situation.
Joe can make apple pie at a lower opportunity cost than Sandy but Sandy can make more apple pies per day than Joe.
Participate in a discussion with your classmates regarding your role in the money multiplier process. Review the “EYE on Your Life” caption titled, Money and Your Role in its Creation, on page 281 in the textbook. Discuss and describe the effect you ..
Assume which two people, Michelle also James every live alone in an isolated region. They every have the same resources available also they grow potatoes also raise chickens.
Instead of imposinga tariff, the government reached an agreement with foreign suppliers to "voluntarily" limit the portable radios they export to 1,250 per year. What is the deadweight loss resulting from this agreement?
Should Roscoe's Rascals match the price offered by the competitor.
Imagine which you are presently a college student working at a part time work. You have Concluded the subsequent as such sally projected expenses also revenues.
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