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.
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
John Lennon - Working Class Hero
John Hick (1922–2012).
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