Mark can make 3 tables and 1 chair in a day while John can make 4 tables and 1 chair in a day. Which of the following is true?
A) Mark has a comparative advantage in making tables.
B) Mark has an absolute advantage in making tables.
C) John has an absolute advantage in making tables.
D) John has a comparative advantage in making chairs.
Question 2
Tom is a U.S. citizen. He took up a job and moved to the U.K. His income will lead to a(n) ________.
A) decrease in the GDP of U.K. B) increase in the GNP of U.K.
C) increase in the GDP of U.S. D) increase in the GNP of U.S.
This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
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Vincent van Gogh, Letter to John Peter Russell.
John Constable, The Hay Wain.
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You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ...