This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Though the countries can benefit by completely specializing in the production of the good in which ... (Read 65 times)

bclement10

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Imposing a quota on metal softball bats shipped into the United States would likely:
 a. increase the price of the bats but decrease the total quantity of bats purchased in the United States.
  b. increase the price of the bats and the total quantity of bats purchased in the United States.
 c. leave the price of the bats unchanged but decrease the quantity purchased in the United States.
  d. leave both the price of bats and the quantity purchased in the United States unchanged.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


bclement10

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

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?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Microlith production. Microlith production.
Freedom House is a nonprofit institution that uses several different factors to rank countries based Freedom House is a nonprofit institution that uses several different factors to rank countries based
In countries where water can be contaminated, breastfeeding is an important option for the health of ... In countries where water can be contaminated, breastfeeding is an important option for the health of ...
The Clean Development Mechanism allows developed countries The Clean Development Mechanism allows developed countries
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
Video: Structure of a Ribosome

For a complete list of videos, visit our video library