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

Author Question: The figure above illustrates aggregate demand and aggregate supply in Sparta. Sparta's price level ... (Read 25 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: Jun 29, 2018
The figure above illustrates aggregate demand and aggregate supply in Sparta. Sparta's price level will rise above 100 if ________.
 
  A) government expenditure decreases
  B) the quantity of money increases
  C) the quantity of capital increases
  D) taxes increase

Question 2

Define comparative advantage and discuss its role in international trade.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amcvicar

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Comparative advantage is the factor that drives international trade. A country has a comparative advantage in the production of a good if the country can produce it at a lower opportunity cost than any other country. Because the cost of production of a good is lower in the nation with the comparative advantage in the good, that country will export the good. The country will then gain by buying the goods from other nations that those nations produce at the lowest opportunity cost, that is, those goods in which the other nations have a comparative advantage.


penguins

  • Member
  • Posts: 903
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Substrate–level phosphorylation. Substrate–level phosphorylation.
Lewis symbols,(Figure 1) Lewis symbols,(Figure 1)
Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
Normal change in sea level Normal change in sea level
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr Frequency distribution of phenotypes from the possible offspring in Figure 5.7. Height of the offspr
Video: Red alga life cycle Animation

For a complete list of videos, visit our video library