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
Furchgott's discovery that endothelial cells produce a vasodilating substance.
Roger Shimomura, Enter the Rice Cooker.
A close relationship between greenhouse gas emissions and a country’s gross domestic product
Sticky Rice
Many countries do not produce enough food and need to import food from the United States
opener E. coli have been genetically engineered to produce lycopene