« previous next »

Author Question: According to the table, the price of Big Macs converted to U.S. dollars varies widely around the ... (Read 87 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?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

The Periodic Table (Part 1) The Periodic Table (Part 1)
Steps in fibrinolysis: (a) clot dissolves when plasminogen is converted to plasmin. (b) ... Steps in fibrinolysis: (a) clot dissolves when plasminogen is converted to plasmin. (b) ...
With the arm placed on the table, apply effleurage over the entire upper limb as a reconnecting and ... With the arm placed on the table, apply effleurage over the entire upper limb as a reconnecting and ...
Dorsiflex the foot, applying direct pressure to the bottom. Standing at the end of the table, pick ... Dorsiflex the foot, applying direct pressure to the bottom. Standing at the end of the table, pick ...
Assist recipient into side-lying position. Woman sits on edge of table holding drape to cover her ... Assist recipient into side-lying position. Woman sits on edge of table holding drape to cover her ...
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library