« previous next »

Author Question: The gold-standard is a system in which: A) gold mining firms own the right to print currency. ... (Read 77 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?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Overview of the endocrine system in humans. Overview of the endocrine system in humans.
A typical evaporative emission control system. Note that when the computer turns on the canister ... A typical evaporative emission control system. Note that when the computer turns on the canister ...
Paranasal sinuses are part of the upper respiratory system. From here, infections may spread via the ... Paranasal sinuses are part of the upper respiratory system. From here, infections may spread via the ...
Principle Structures of the Limbic System Principle Structures of the Limbic System
The urinary system The urinary system
Male Reproductive System - System of ducts الجهاز التناسلي الذكري Male Reproductive System - System of ducts الجهاز التناسلي الذكري
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library