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Unformatted text preview: A): 1 bolt B): 1/2 bolt C): 8/6 bolts D): 8 bolts 2 3, In the economic coordination Circular Flow, which of the following is correct? A): wages flow from household to firms at the factor market B): interests flow from firms to household at the factor market C): goods flow from firms to households at the factor market D): labor flows from household to firms at the goods market 4, In the table below, Country A Country B Good X (units of X ) Good Y (units of Y ) Good X (units of X ) Good Y (units of Y ) 16 12 2 12 2 9 4 8 4 6 6 4 6 3 8 10 A): country A has an absolute advantage. B): country B has an absolute advantage. C): country A has a comparative advantage in good X. D): country B has a comparative advantage in good X. THE END 3...
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This test prep was uploaded on 04/19/2008 for the course ECON 200 taught by Professor Newton during the Spring '08 term at Ohio State.
- Spring '08