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Yuliya22 [10]
3 years ago
9

President Ronald Reagan once joked that a Trivial Pursuit game designed for economists would a. have no questions but hundreds o

f answers. b. have 100 questions and 3,000 answers. c. have 1,000 questions but no answers. d. never produce a winner.
Business
2 answers:
irakobra [83]3 years ago
6 0

Answer: b. have 100 questions and 3,000 answers.

Explanation:

There are many jokes about Economists and their inability to agree on a definite approach. It's almost as if no matter the position one takes, there will always be an economist to support them.

This is why President Ronald Reagan famously said that, "there should be a Trivial Pursuit game for economists with 100 questions and 3000 answers".

ale4655 [162]3 years ago
3 0

Answer:

b. have 100 questions and 3,000 answers.

Explanation:

The reason was that the economics doesn't gives straight forward answers in most of situations. The economics theories though help in understanding of the economic situations and help it to make it better by numerous solutions and strategical options available. So he was right that the trivial pursuit game will have lower number of questions and greater number of answers.

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According to the law of comparative advantage, both individuals and nations will be able to produce a larger joint output if eac
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Answer:

the low opportunity cost producer. 

Explanation:

A person or nation has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries or people.

For example, let's assume country x produces either 10 Apples or 5 oranges in 1 hour while country y produces either 20 Apples or 2 oranges in one hour. The opportunity cost for country x of producing apples and oranges are 0.5 and 2 respectively. While for country y, the oopportunity cost of producing apples and oranges are 0.1 and 10 respectively.

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Answer:

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3 years ago
Activities A, B, and C are part of the same project. Activity A is worth $200, is 100% complete, and actually cost $200. Activit
kobusy [5.1K]

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