Author Question: Which of the following best describes comparative advantage? A) using the fewest number of ... (Read 53 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
Which of the following best describes comparative advantage?
 
  A) using the fewest number of resources to produce a given amount of output
  B) being able to produce more output than any other country
  C) having the largest number of resources compared to other countries
  D) forgoing the fewest units of one product to produce a unit of another product
  E) It is the same as absolute advantage.

Question 2

If the real interest rate is 3 percent and the inflation rate is 2 percent, what is the nominal interest rate?
 
  What will be an ideal response?



yasmin

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

D

Answer to Question 2

The nominal interest rate equals the real interest rate plus the inflation rate, or
(3 percent) + (2 percent) = 5 percent.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

For a complete list of videos, visit our video library