« previous next »

Author Question: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's ... (Read 42 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Jun 30, 2018
Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Which of the following is TRUE?
 
  A) Nigel has both an absolute and comparative advantage in bandana production.
  B) Nigel has both an absolute and comparative advantage in hair pin production.
  C) Nigel has neither an absolute nor comparative advantage in hair pin production.
  D) Nigel has neither an absolute nor a comparative advantage in bandana production.

Question 2

Firms consider the ________ wage when considering whether to hire additional units of labor.
 
  A) minimum B) real C) normal D) nominal
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Step 2 of gene cloning: The actions of a restriction enzyme and DNA ligase to produce a recombinant Step 2 of gene cloning: The actions of a restriction enzyme and DNA ligase to produce a recombinant
Human Hair Human Hair
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
The Warm Mineral Springs individuals from Florida may be among the earliest Paleo-Indian skeletal re The Warm Mineral Springs individuals from Florida may be among the earliest Paleo-Indian skeletal re
Transduction Apparatus in Hair Cells Transduction Apparatus in Hair Cells
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Video: How to make cDNA Animation

For a complete list of videos, visit our video library