2. max agrees to supervise a construction project for al for a certain fee. in midproject, without an excuse, max removes the plans from the site and refuses to continue. al promises to increase max's fee. max returns to work. is going back to work consideration for the promise to increase the fee?
a. yes, because performance always constitutes consideration.
b. yes, because al sought it in exchange for his promise.
c. no, because performance never constitutes consideration.
d. no, because max already had a duty to supervise the project.

Maldonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . suppose that maldonia and lamponia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of lemons and million pounds of coffee.

1) u.s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u.s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

If you miss two payments on a credit card what is generally the penalty