Author Question: Refer to Table 2-8. Which of the following statements is true? A) Betty has an absolute advantage ... (Read 60 times)

sjones · **on:** Jun 29, 2018

Refer to Table 2-8. Which of the following statements is true?

A) Betty has an absolute advantage in making both products.
B) Betty has an absolute advantage in making statues and Wilma in making benches.
C) Betty has an absolute advantage in making benches and Wilma in making statues.
D) Wilma has an absolute advantage in making both products.

Question 2

If a bank receives a 20 million discount loan from the Federal Reserve, then the bank's reserves will

A) increase by more than 20 million. B) increase by 20 million.
C) not change. D) increase by less than 20 million.