« previous next »

Author Question: According to the table, the price of Big Macs converted to U.S. dollars varies widely around the ... (Read 62 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
According to the table, the price of Big Macs converted to U.S. dollars varies widely around the world. This shows that Big Mac pricing does NOT follow the theory of
 
  A) Ricardian equivalence. B) purchasing power parity.
  C) supply and demand. D) real versus nominal prices.

Question 2

Which of the following would most likely cause a country's production possibilities set to shift outward at every point along the frontier?
 
  A) a decrease in idle capital
  B) a decrease in unemployment
  C) a general technological advance that affects all sectors of the economy
  D) a technological advance in only one sector of the economy
  E) none of the above


jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

The Periodic Table The Periodic Table
Blank periodic table Blank periodic table
Brain activity varies by culture Brain activity varies by culture
Both the top and bottom pattern have the same frequency. However, the amount of on-time varies. Both the top and bottom pattern have the same frequency. However, the amount of on-time varies.
How to graph line equations without a table of values How to graph line equations without a table of values
APA Table - SPSS APA Table - SPSS
Video: Glycolysis Animation

For a complete list of videos, visit our video library