« previous next »

Author Question: The gold-standard is a system in which: A) gold mining firms own the right to print currency. ... (Read 60 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
The gold-standard is a system in which:
 
  A) gold mining firms own the right to print currency.
  B) people use gold as a medium of exchange.
  C) paper currency is backed by gold.
  D) gold is imported into the U.S. in exchange of paper currency.

Question 2

The number of computers produced per day in Domium is 1,000 more than the number of computers produced in Chromium. Domium and Chromium have the same number or workers and have the same opportunity costs for producing computers.
 
  Which of the following statements is true?
  A) Domium has an absolute advantage in producing computers.
  B) Chromium has an absolute advantage in producing computers.
  C) Chromium has a comparative advantage in producing computers.
  D) Domium has a comparative advantage in producing computers.


IRincones

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Digestive System Digestive System
The acetic acid–acetate pair as a buffer system The acetic acid–acetate pair as a buffer system
The central and peripheral nervous system The central and peripheral nervous system
Disorders and Diseases of the Digestive System Cont Disorders and Diseases of the Digestive System Cont
Organization of the nervous system. Organization of the nervous system.
The Climate System The Climate System
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library