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If Tom can produce 20 multiple choice questions or 30 true/false questions in an hour,and Mary can produce 15 multiple choice questions or 15 true/false questions in an hour,then Tom has a comparative advantage in writing multiple choice questions.
Q4: If net national product is $250 billion
Q25: Can an individual with no absolute advantage
Q37: Suppose that consumers expect that the price
Q38: If incomes increase and Honda Civics are
Q43: The U.S. experienced a recession in 2001
Q43: When is an import ban the same
Q49: Which of the following is not an
Q70: When a person producing a particular product
Q111: Macroeconomics is concerned with:<br>A) both long- run
Q223: An inferior good is defined as a