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 31 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
YES! Correct, THANKS for helping me on my review

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

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?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

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 ...
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
Share of Human Capital in Wages in Developing Countries Share of Human Capital in Wages in Developing Countries
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library