Suppose that the United States and Cuba decide to open up trade. If each country specializes in the good in which it has a comparative advantage, ________ will gain from that trade because ________.
A) both countries; consumption possibilities in both Cuba and the United States will lie outside their PPFs.
B) neither country; their consumption possibilities will not change.
C) only the United States; consumption possibilities in Cuba will lie outside its PPF and U.S. consumption possibilities will not change.
D) only Cuba; consumption possibilities in Cuba will lie outside its PPF and U.S. consumption possibilities will not change.
Question 2
The reservation value of a seller reflects her ________.
A) willingness to pay for using a resource
B) marginal cost
C) marginal revenue
D) total cost
Zebras are several species of African equids (horse family) united by their distinctive black and wh
Countries of Origin of Unauthorized Immigrants to the United States
Guide to Major Massage Therapy Organizations in the United States*
The level of emissions from transport in the United States is twice as high as the global average
Household Income in the United States by Quintiles, 2009
Total Fertility Rate in the United States, 1860–2008