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

Author Question: According to the Law of Comparative Advantage, A) production should be based on who can produce a ... (Read 96 times)

fox

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
According to the Law of Comparative Advantage,
 
  A) production should be based on who can produce a product lowest opportunity cost.
  B) production should be based on who can produce more of a good.
  C) production should take into account strategic interests, such as national security.
  D) production should be for the people instead of for profit.

Question 2

Does an increase in the demand for Introductory Economics increase the cost to students of taking the course?
 
  A) No, because tuition rates are not set to clear the market.
  B) Not if the college refuses to hire additional people to teach the course.
  C) Yes, if the course is consequently taught in a larger room, which costs more to heat.
  D) Yes, insofar as students have to accept less satisfactory class schedules in order to take the course.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carojassy25

  • Sr. Member
  • ****
  • Posts: 299
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


fox

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Excellent

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Phylogeny based on the FIT2 gene Phylogeny based on the FIT2 gene
Freedom House is a nonprofit institution that uses several different factors to rank countries based Freedom House is a nonprofit institution that uses several different factors to rank countries based
The primary response causes B cells to produce memory B cells and a few antibodies. The second ... The primary response causes B cells to produce memory B cells and a few antibodies. The second ...
A common autosomal recessive allele can produce a pedigree that looks like an autosomal dominant tra A common autosomal recessive allele can produce a pedigree that looks like an autosomal dominant tra
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Stepwise processing of pri-miRNA to produce miRNA Stepwise processing of pri-miRNA to produce miRNA
Video: Introduction to Spirometry

For a complete list of videos, visit our video library