Tom is a castaway who washes up on a remote island. he can catch eight birds per day or catch ten fish per day. the natives on the island can catch ten birds per day or catch twenty fish per day. according to comparative advantage, a. both should catch more birds and fish less. b. both should catch fewer birds and fish more. c. tom should catch more birds and fish less, then trade birds for fish. d. tom should catch fewer birds and fish more, then trade fish for birds.

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

73. calculate the weighted average cost of capital (wacc) based on the following information: the equity multiplier is 1.66; the interest rate on debt is 13%; the required return to equity holders is 22%; and the tax rate is 35%. (a) 15.6% (b) 16.0% (c) 15.0% (d) 16.6% (e) none of the above

Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal. b) rental rates in france will increase. c) wages in france will decrease. d) rental rates in portugal will increase.