Author Question: If the gadget industry is a constant cost industry, one would expect that the long run result of an ... (Read 120 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
If the gadget industry is a constant cost industry, one would expect that the long run result of an increase in demand for gadget to include ____ firms and a(n) ____ in price.
 a. more; increase.
 b. more; no change.
  c. more; decrease.
 d. fewer; increase.

Question 2

Countries import goods in which they have:
 a. an absolute advantage.
  b. a comparative advantage.
  c. a reputation for good product quality.
  d. a comparative disadvantage.
  e. a surplus domestic production.



todom5090

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

b

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

For a complete list of videos, visit our video library