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

Author Question: The original comparative advantage model that used the relative abundance of factors of production ... (Read 65 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
The original comparative advantage model that used the relative abundance of factors of production to explain comparative advantage assumed that countries:
 a. employed all four factors of production; land, labor, capital, and entrepreneurship.
  b. employed only two factors of production; labor and capital.
  c. employed only two factors of production; land and entrepreneurial ability.
  d. worked with a fixed capital stock.
  e. were free to vary their employment of only one factor of production; labor.

Question 2

Forms of free riding behavior
 a. Always leads to underproduction
 b. Occur in both external cost and public goods cases
 c. Does not occur with common property resources, unlike public goods cases
  d. Occurs with private goods, public goods and common property resources



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

verrinzo

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

b

Answer to Question 2

b




SO00

  • Member
  • Posts: 568
Reply 2 on: Jun 30, 2018
Excellent


kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The FDA recognizes 118 routes of administration.

For a complete list of videos, visit our video library