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Author Question: As a result of firms leaving an industry, we would expect that: a. economic profits are positive. ... (Read 58 times)

Bob-Dole

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on: Jun 30, 2018
As a result of firms leaving an industry, we would expect that:
 a. economic profits are positive.
 b. as a result, economic losses are falling.
  c. as a result, economic losses are rising.
  d. both (a) and (b) are true.

Question 2

A country has a comparative advantage when the opportunity cost of producing a good in terms of:
 a. the monetary value of other forgone goods is lower than that of other nations.
  b. the monetary value of other forgone goods is greater than that of other nations.
  c. forgone output of other goods is higher than that of other nations.
  d. forgone output of other goods is lower than that of other nations.
  e. forgone output of other goods is equal to that of other nations.


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234sdffa

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Bob-Dole

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Reply 2 on: Jun 30, 2018
Wow, this really help

bblaney

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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