If Jane can produce 3 pairs of shoes per hour, while Bob can produce 2, then __ has a(n) ____ advantage in producing shoes. A.Jane? absolute B.Jane? comparative C.Bob? absolute D.Bob? comparative 正确答案：Jane? absolute

Refer to the table above. __ has the comparative advantage in making pies and ____ the comparative advantage in making cakes. A.Martha? Martha B.Julia? Julia C.Martha? Julia D.Julia? Martha 正确答案：Martha? Julia

Refer to the table below. Based on their comparative advantage, Martha should specialize in _ while Julia should specialize in _. A.pies? cakes B.cakes? pies C.neither pies nor cakes? both pies and cakes D.both pies and cakes? neither pies nor cakes 正确答案：pies? cakes

Suppose that total expenditures for coffee reach a maximum at a price of $5 per pound. At this price, the demand for coffee is: A.unit elastic. B.inelastic. C.elastic. D.perfectly inelastic. 正确答案：unit elastic.

Suppose that Chris had been charging $1.00 per pound for potatoes. When Chris lowered the price to $0.90 per pound, his total revenue fell. When Chris raised the price to $1.10, total revenue also fell. Which of the following could explain this? A.$1.00 is the equilibrium price f … 阅读详情>> "Suppose that Chris had been charging $1.00 per pound for potatoes. When Chris lowered the price to $0.90 per pound, his total revenue fell. When Chris raised the price to $1.10, total revenue also fell. Which of the following could explain this?"

At a price of $20 each, the demand for t-shirts from a group’s fundraising activity is unit elastic. Thus, the group’s total revenue from selling t-shirts __ at a price of $20 each. A.will equal $1 B.will equal $0 C.reaches its minimum D.reaches its maximum 正确答案：reaches its maxim … 阅读详情>> "At a price of $20 each, the demand for t-shirts from a group’s fundraising activity is unit elastic. Thus, the group’s total revenue from selling t-shirts __ at a price of $20 each."

The responsiveness of the quantity demanded of one good to a change in the price of a different good is measured by the: A.price elasticity of demand. B.price elasticity of supply. C.cross-price elasticity of demand. D.income elasticity of demand. 正确答案：cross-price elasticity of d … 阅读详情>> "The responsiveness of the quantity demanded of one good to a change in the price of a different good is measured by the:"

If two products are substitutes, then the: A.price elasticity of demand for both will be positive. B.cross-price elasticity of demand between them will be negative. C.income elasticity of demand for both will be high. D.cross-price elasticity of demand between them will be positi … 阅读详情>> "If two products are substitutes, then the:"

If cross-price elasticity of demand between two goods is positive, the two goods are: A.normal. B.substitutes. C.inferior. D.complements. 正确答案：substitutes.

The cross-price elasticity of demand between two goods that are substitutes can never be: A.greater than one. B.less than one. C.positive. D.negative. 正确答案：negative.

If the cross-price elasticity of demand between lettuce and salad dressing is negative, then when the price of lettuce rises, the demand for salad dressing will __. A.become more inelastic B.increase C.decrease D.remain the same 正确答案：decrease

If the demand for salad dressing increases when the price of lettuce decreases, the cross-price elasticity of demand between salad dressing and lettuce will be _ because these two goods are _. A.negative; complements B.zero; inferior C.equal to 1; inelastic D.negative; substitute … 阅读详情>> "If the demand for salad dressing increases when the price of lettuce decreases, the cross-price elasticity of demand between salad dressing and lettuce will be _ because these two goods are _."