True false question (5 points) 1. Absolute advantage theory can not apply in the case one country having higher productivity in producing all goods.
2. According to comparative advantage theory, the trade ratio to benefit both countries must be higher than the two individual countries’ opportunity cost.
3. Open economy will export goods if the world price of the goods is smaller than the domestic price at equilibrium.
4. The deadweight lost in the case that government imposes import quota is always greater than the deadweight lost in the case that government imposes tariff, leading to the same import quantity.
5. According to H – O theory, the wage of labor in labor abundant country will increase thanks to international trade.

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills. what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i. e, his fifth year, not his junior year).