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Author Question: The relative amounts of the goods that will be exchanged for each other in trade refers to the ... (Read 208 times)

mikaylakyoung

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on: Jun 30, 2018
The relative amounts of the goods that will be exchanged for each other in trade refers to the nations'
 
  A) autarky status. B) absolute advantages.
  C) terms of trade. D) production possibilities.

Question 2

Refer to the figure above. What is the initial equilibrium wage rate and employment level?
 
  A) 60 and 20 units of labor B) 40 and 40 units of labor
  C) 50 and 40 units of labor D) 20 and 40 units of labor


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anyusername12131

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


mikaylakyoung

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kishoreddi

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Reply 3 on: Yesterday
Wow, this really help

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