Author Question: Relative to a no-international-trade initial situation, if the United States had a comparative ... (Read 25 times)

K@

  • Hero Member
  • *****
  • Posts: 608
Relative to a no-international-trade initial situation, if the United States had a comparative advantage in wine production and exported wine, the U.S. domestic price of wine:
 a. would rise, but domestic output would fall.
  b. would fall, but domestic output would rise.
  c. would rise, and domestic output would rise.
  d. would fall, and domestic output would fall.

Question 2

Cleaning an environment may lead to:
 a. less production.
  b. higher prices.
 c. lower incomes.
 d. all of the above.



cpetit11

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

c

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

For a complete list of videos, visit our video library