This topic contains a solution. Click here to go to the answer

Author Question: The more homogeneous goods are, the more we expect the law of one price to hold. Indicate whether ... (Read 88 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
The more homogeneous goods are, the more we expect the law of one price to hold.
 
  Indicate whether the statement is true or false

Question 2

Refer to the table above. Country A has a comparative advantage in
 
  A) beer.
  B) wine.
  C) both beer and wine.
  D) neither beer nor wine.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trog

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

TRUE
Explanation: It is expected to hold better for homogeneous goods.

Answer to Question 2

A




melly21297

  • Member
  • Posts: 565
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

For a complete list of videos, visit our video library