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Can you help me with these Economic questions? Question 11 (1 point) If Country A uses all of the resources at its disposal, it can
Can you help me with these Economic questions?
Question 11 (1 point) If Country A uses all of the resources at its disposal, it can produce a maximum of 500 watches or 200 televisions. Within the same time frame, if Country B uses all of its resources, it can produce a maximum of 200 watches or 100 televisions. Which of the following must be true? O a Country B has the absolute advantage in watch production, but Country A has the comparative advantage in watch production. O b Country A has the absolute advantage and the comparative advantage in watch production. O c Country B has the absolute advantage and the comparative advantage in watch production. Od Country A has the absolute advantage in watch production, but Country B has the comparative advantage in watch production. Question 12 (1 point) Julianne has a serious health condition that makes her unable to work for an extended period of time. Which type of insurance would provide security for Julianne's finances during this time? O a health insurance O b automobile insurance O c property insurance O d disability insurance Question 13 (1 point) In the circular flow diagram, what do firms receive from product markets? factors of production Ob money/costs goods and services d revenueStep by Step Solution
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