Author Question: Specialization according to comparative advantage, followed by trade, allows everyone to acquire ... (Read 77 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
Specialization according to comparative advantage, followed by trade, allows everyone to acquire more of the goods they want.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Prices communicate information about relative availability of products. For example, a decrease in the price of corn signals to consumers and producers that:
 a. consumers are buying more corn than before.
 b. corn is relatively more abundant than before.
 c. corn is relatively less abundant than before.
 d. consumers are stocking up on corn because of the predictions of a cold winter.



Jbrasil

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

True

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library