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Author Question: Refer to Table 9-10. a. Which person has an absolute advantage in the production of pens? ... (Read 19 times)

panfilo

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Refer to Table 9-10.
 
  a. Which person has an absolute advantage in the production of pens? pencils?
  b. Which person has a comparative advantage in the production of pens?
  c. Which person has a comparative advantage in the production of pencils?

Question 2

David Card and Alan Krueger conducted a study of fast-food restaurants in New Jersey and Pennsylvania. The study found that
 
  A) the earned income tax credit is more effective in raising the incomes of low-skilled workers than increases in the minimum wage.
  B) increases in the minimum wage had a very small impact on employment.
  C) there was a large reduction in employment of low-skilled workers when the minimum wage was raised in these states.
  D) increases in the prices of food have a greater effect on wage increases in New Jersey than in Pennsylvania.


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stano32

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panfilo

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


miss_1456@hotmail.com

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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