The table below compares the economies of two countries. Country A Country B
Main crop is wheat Main crops are wheat, corn, and potatoes
Primary product is flour Produces a variety of products including flour, processed foods, and bio-fuels

Which statement is accurate based on the information in the table?
Country A's economy is more diversified than country B's economy
Country B's economy is more diversified than country A's economy
The economies of both countries are equal in level of diversification
The economies of both countries can be described as single resource

Suppose that a flower nursery benefits from having a butterfly farm located only a few miles away, because the presence of the insects greatly improves flower pollination. lawyers for the two companies meet to draft a legal document specifying the number of butterflies the farm promises to maintain in exchange for payments to be made by the nursery. which of the following types of private solutions to the externality of pollination has occurred in this case? charities moral codes and social sanctions integration of different types of businesses contracts it’s important to note that sometimes private solutions to externalities do not work. for example, this occurs when communications barriers or social customs are important enough relative to the potential gains involved that (a) the government must step in (b) the private solution is not feasible (c) the market system has a crisis

What were some benefits of the lewis and clark expedition?

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment. b. the allocation of resources between private markets and the public sector. c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t. d. differences in productivity. e. ones that think at the margin and respond to incentives and those that don’t.