This topic contains a solution. Click here to go to the answer

Author Question: What is the relationship between U.S. real GDP and U.S. imports? What will be an ideal ... (Read 70 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
What is the relationship between U.S. real GDP and U.S. imports?
 
  What will be an ideal response?

Question 2

Relative to Al, Joe has ________ if Joe can produce a good at a lower opportunity cost than Al.
 
  A) a marginal benefit
  B) a comparative advantage
  C) more production efficiency
  D) a free lunch
  E) a comparative benefit



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pamela.irrgang@yahoo.com

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

When U.S. real GDP increases, so does U.S. income. And the increase in income leads to an increase in U.S. imports.

Answer to Question 2

B



storky111

  • Hero Member
  • *****
  • Posts: 561


 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

For a complete list of videos, visit our video library