Author Question: Refer to Table 2-6. Which of the following statements is true? A) Lucy has a comparative ... (Read 69 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
Refer to Table 2-6. Which of the following statements is true?
 
  A) Lucy has a comparative advantage in making both products.
  B) Lucy has a comparative advantage in making tricycles and James in making wagons.
  C) James has a comparative advantage in making both products.
  D) Lucy has a comparative advantage in making wagons and James in making tricycles.

Question 2

If there is currently a shortage of dollars, which of the following would you expect to see in the foreign exchange market?
 
  A) The dollar will appreciate.
  B) There will be an increase in the supply of dollars.
  C) There will be an increase in the demand for dollars.
  D) The dollar will depreciate.



karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

For a complete list of videos, visit our video library