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Author Question: A model refers to: A) a perfect replica of reality. B) a simplified description, or ... (Read 88 times)

laurencescou

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on: Jun 29, 2018
A model refers to:
 
  A) a perfect replica of reality.
  B) a simplified description, or representation, of reality.
  C) facts, measurements, or statistics that describe the world.
  D) a set of facts established by observation and measurement.

Question 2

Two countries, Blue Violet and Sweet Pansy, produce only two goods: teapots and coffeepots. The table above gives their production possibilities.
 
  A) Blue Violet has a comparative advantage in teapots.
  B) Sweet Pansy has a comparative advantage in teapots.
  C) Both have a comparative advantage in teapots.
  D) Sweet Pansy has an absolute advantage in teapots.


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momolu

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


laurencescou

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Liddy

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Reply 3 on: Yesterday
Excellent

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