This topic contains a solution. Click here to go to the answer

Author Question: If Dana can paint his house faster than Luke, a professional house painter, then: a. Dana has a ... (Read 174 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
If Dana can paint his house faster than Luke, a professional house painter, then:
 a. Dana has a comparative advantage in house painting.
  b. Dana has an absolute advantage in house painting.
  c. Luke has a comparative advantage in house painting.
  d. Luke has an absolute advantage in house painting.
  e. Dana should always paint his own house.

Question 2

A primary emphasis of the Keynesian school is the economy:
 a. has a tendency to always create a full-employment level of output.
  b. has a tendency to always create inflationary pressure at all levels of output.
  c. has a tendency to eliminate unemployment by lowering wage rates to create an equilibrium in the labor market.
  d. is driven by the supply-side of the market.
  e. has a tendency to be in equilibrium at less than full employment.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katheyjon

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

b

Answer to Question 2

e




ereecah

  • Member
  • Posts: 530
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

For a complete list of videos, visit our video library