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8) Suppose you are deciding whether to spend your tax rebate check on a new iPod or a new digital
camera. You are dealing with the concept of
A) equity.
B) comparative advantage.
C) opportunity costs.
D) the fallacy of composition.
Answer: C
Diff: 2
Topic: Scarcity, Choice, and Opportunity Cost
Skill: Conceptual
AACSB: Reflective Thinking
Learning Outcome: Micro-20
9) According to the theory of comparative advantage, specialization and free trade will benefit
A) only that trading party that has both an absolute advantage and a comparative advantage in the
production of all goods.
B) all trading parties, even when some are absolutely more efficient producers than others.
C) only that trading party that has an absolute advantage in the production of all goods.
D) only that trading party that has a comparative advantage in the production of all goods.
Answer: B
Diff: 2
Topic: Scarcity, Choice, and Opportunity Cost
Skill: Conceptual
AACSB: Reflective Thinking
Learning Outcome: Micro-3
Refer to the information provided in Table 2.1 below to answer the following question(s).
Table 2.1
Krystal Mark
Writing Poems 8 12
Writing TV Commercials 2 4
10) Refer to Table 2.1. For Krystal, the opportunity cost of writing one TV commercial is
A) 1/4 of a poem.
B) 2 poems.
C) 4 poems.
D) 6 poems.
Answer: C
Diff: 2
Topic: Scarcity, Choice, and Opportunity Cost
Skill: Analytical
AACSB: Analytical Thinking
Learning Outcome: Micro-20
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Language: Italian
CESARE CANTÙ
EDIZIONE POPOLARE
RIVEDUTA DALL'AUTORE E PORTATA FINO AGLI ULTIMI EVENTI
TOMO XIII.
TORINO
UNIONE TIPOGRAFICO-EDITRICE
1877
INDICE
LIBRO DECIMOSESTO
CAPITOLO CLXXV.
La Rivoluzione francese.