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

Author Question: The terms of trade is defined as: a. the quantity of inputs sacrificed to produce each unit of a ... (Read 57 times)

Pea0909berry

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
The terms of trade is defined as:
 a. the quantity of inputs sacrificed to produce each unit of a good.
  b. the quantity of one good that is exchanged for a quantity of another good.
  c. the ratio of the total cost of production of individual traders.
  d. the marginal cost of producing one good as a percentage of the marginal cost of another good.
  e. the ratio of total exports of a nation to its total production.

Question 2

In a competitive market,
 a. demand will always reflect all spillover costs.
 b. demand will always reflect all spillover benefits.
  c. supply will always reflect all spillover costs.
 d. none of the above are true.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Andromeda18

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Pea0909berry

  • Member
  • Posts: 573
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

A guanacaste tree, Enterolobium cyclocarpum, growing in Costa Rica. Guanacaste trees, which produce A guanacaste tree, Enterolobium cyclocarpum, growing in Costa Rica. Guanacaste trees, which produce
Controlled cold compression unit. Controlled cold compression unit.
A disposable cautery unit. A disposable cautery unit.
If P(x,- 3/7) on the unit circle,x can be written as ± r sqrt s / t , r is ≠ 1. The value of ... If P(x,- 3/7) on the unit circle,x can be written as ± r sqrt s / t , r is ≠ 1. The value of ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Which of the following unit factors is not related to a 0.100 M NaBr solution? A Which of the following unit factors is not related to a 0.100 M NaBr solution? A
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library