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

Author Question: In a two good, two-country world, a country has a comparative advantage in any good for which it has ... (Read 115 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
In a two good, two-country world, a country has a comparative advantage in any good for which it has a:
 a. lower absolute cost than the other country.
  b. lower opportunity cost than the other country.
  c. higher absolute cost than the other country.
  d. higher opportunity cost than the other country.

Question 2

Prior to the Great Depression, classical economists believed that a recessionary downturn would be reversed by:
 a. higher wages and prices.
  b. lower wages and prices.
  c. an expansionary monetary policy on the part of the Federal Reserve System.
  d. an increase in government spending that would stimulate aggregate demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

6ana001

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


sdfghj

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
Wow, this really help

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Comparative features of blood vessels. Comparative features of blood vessels.
The primate dental formula illustrated for (a) the lower dentition of an Old World monkey and (b) th The primate dental formula illustrated for (a) the lower dentition of an Old World monkey and (b) th
Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ... A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ...
The Ancient Roman World The Ancient Roman World
Steady State in the Two-Country Model Steady State in the Two-Country Model
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library