« previous next »

Author Question: The ratio of the percentage change in consumption of a good divided by the percentage change in ... (Read 92 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
The ratio of the percentage change in consumption of a good divided by the percentage change in income (as measured by GDP) is known as the
 
  A) income elasticity of demand.
  B) income expansion path.
  C) demand elasticity equivalent.
  D) trade effectiveness.

Question 2

The HO model rules out the classical model's basis for trade by assuming that ________ is (are) identical between countries.
 
  A) factor endowments
  B) factor intensities
  C) technology
  D) opportunity costs


nital

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Anterior view of abdomen divided by quadrants Anterior view of abdomen divided by quadrants
Using a scan tool to check for IAC counts or percentage as part of a diagnostic routine. Using a scan tool to check for IAC counts or percentage as part of a diagnostic routine.
Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
A good posture for practicing meditation is seated in a chair with the back upright and in ... A good posture for practicing meditation is seated in a chair with the back upright and in ...
The change in the net of an irradiance, in Wm-2, at the tropopause The change in the net of an irradiance, in Wm-2, at the tropopause
Causes of Trauma Deaths by Approximate Percentage Causes of Trauma Deaths by Approximate Percentage
Video: Brain Lobes Animation

For a complete list of videos, visit our video library