Answer to Question 1
The assertion is incorrect. The statement describes an absolute advantage, that is, a person has an absolute advantage in the production of a good if the person can produce more of it in a given time period than someone else. Comparative advantage, however, relies on a comparison of opportunity costs. A person has a comparative advantage in producing a good if the person can produce the good at a lower opportunity cost than another person.
Answer to Question 2
The statement is incorrect. The higher the marginal tax rate, the smaller the expenditure multiplier, but the expenditure multiplier always remains positive.
Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra
An example of color blindness test. A person with red-green color blindness would not be able to dis
Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra
James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only
Good ethical judgment comes from both learning and experience.
Nuts are also a good source of B group vitamins (including folate), and vitamin E