Which of the following correctly identifies a difference between ...

[casperchen82]

Which of the following correctly identifies a difference between land and capital?
 
  A) Land can be owned or rented by a firm, whereas capital cannot be owned.
  B) Capital can be owned or rented by a firm, whereas land cannot be owned.
  C) Land is created, whereas capital is a naturally occurring resource.
  D) Capital is created, whereas land is a naturally occurring resource.

Question 2

The figure above shows that as a result of the tariff, the quantity of T-shirts produced in the United States ________, and the quantity of T-shirts imported ________.
 
  A) increases by 15 million per year; decreases by 30 million per year
  B) increases by 15 million per year; increases by 15 million per year
  C) decreases by 15 million per year; decreases by 30 million per year
  D) decreases by 30 million per year; increases by 30 million per year
  E) does not change; decreases by 15 million per year

[mcinincha279]

Answer to Question 1

D

Answer to Question 2

A

[casperchen82]

Thanks for the timely response, appreciate it

[mohan]

Wow, this really help