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 79 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
Thanks for the timely response, appreciate it

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Inflated Phrases Compared with Concise Terms Inflated Phrases Compared with Concise Terms
Rules for Forming Plurals Medical Terms (NOUNS) Rules for Forming Plurals Medical Terms (NOUNS)
Frequently Used Computer Terms Frequently Used Computer Terms
How is this worker trying to avoid becoming a depersonalized unit in a bureaucratic-economic ... How is this worker trying to avoid becoming a depersonalized unit in a bureaucratic-economic ...
A functional renal unit. A functional renal unit.
Global Links: African Slave Trade Global Links: African Slave Trade
Video: Introduction to Insulin

For a complete list of videos, visit our video library