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Author Question: Suppose you have surveyed a few industries and obtained information about the income elasticity of ... (Read 52 times)

Bernana

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Suppose you have surveyed a few industries and obtained information about the income elasticity of demand for their products.
 
  If you expect that the economy is headed for a long recession, you would advise people to look for jobs in an industry with
  A) a low negative income elasticity coefficient such as -0.2.
  B) a high positive income elasticity coefficient such as 5.
  C) a low positive income elasticity coefficient such as 0.8.
  D) a high negative income elasticity coefficient such as -4.

Question 2

Refer to Table 9-7.
 
  a. Which country has an absolute advantage in the production of handbags and jackets?
  b. Which country has a comparative advantage in the production of handbags?
  c. Which country has a comparative advantage in the production of jackets?


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jliusyl

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Bernana

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Reply 2 on: Jun 29, 2018
Wow, this really help


Sarahjh

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Reply 3 on: Yesterday
:D TYSM

 

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