This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A country will export wheat if, with no international trade, ______. A. it produces a surplus of ... (Read 84 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
A country will export wheat if, with no international trade, ______.
 
  A. it produces a surplus of wheat
  B. its opportunity cost of producing wheat is below the world price
  C. its domestic price of wheat exceeds the world price
  D. other countries have a shortage of wheat

Question 2

The Federal Reserve cut the federal funds rate seven times between September 2007 and March 2008. What event led the Fed to make these reductions in the federal funds rate?
 
  A) The chairman of the Federal Reserve System persuaded members of the Federal Open Market Committee to lower interest rates in order to reduce the price of oil in international markets.
  B) During this period there was a substantial reduction in the demand for housing.
  C) It was in response to reductions in the discount rate, which was also lowered seven times over the same time period.
  D) Several large investment banks failed during this time period.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

B If the opportunity cost of producing wheat is below the world price, the country has a comparative advantage in wheat pro-duction.

Answer to Question 2

B


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Fallow deer at Avon Valley Country Park, Bristol, England Fallow deer at Avon Valley Country Park, Bristol, England
Ivory trade in East Africa during the 1880s and 1890s Ivory trade in East Africa during the 1880s and 1890s
International Performance in Reading, Math, and Science, Eight Grade International Performance in Reading, Math, and Science, Eight Grade
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Effect of an Increase in R&D in the Follower Country on the Steady State Effect of an Increase in R&D in the Follower Country on the Steady State
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Mechanics of Sound Animation

For a complete list of videos, visit our video library