Japan and China can both produce guns and rice. The country with the lowest opportunity cost of guns (in terms of rice) will
a. import guns.
b. have a comparative advantage in guns.
c. have an absolute advantage in guns.
d. have a comparative advantage in rice.
Question 2
Under a system of transferable pollution rights, which of the following firms is most likely to purchase a 500 permit to emit a ton of pollutants in to the atmosphere?
a. a non-polluting firm
b. a polluting firm that can reduce emissions at a cost of 500 per ton
c. a polluting firm that can reduce emissions at a cost of 200 per ton
d. a polluting firm that can reduce emissions at a cost of 600 per ton
Microscopic photo taken by Opportunity showing a gray hematite concretion, indicative of the past pr
(a) The site of Zhoukoudian outside of Beijing, China, spans several hundred thousand years and (b)
Cultural Variations in the Strange Situation Across cultures, most toddlers exhibit secure attachme
The Tōhoku earthquake: shaking Japan’s trust in nuclear power
Solid foods like fortified infant rice cereal and oatmeal
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.