This topic contains a solution. Click here to go to the answer

Author Question: If the production of a sofa requires the purchase of 3 types of inputs and the production of a harp ... (Read 115 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
If the production of a sofa requires the purchase of 3 types of inputs and the production of a harp requires the purchase of 30 types of inputs,
 a. the harp-producing firm will buy the sofa-producing firm
  b. the sofa-producing firm will buy the harp-producing firm
  c. harp production is more likely to be done by firms than sofa production is
  d. sofa production is more likely to be done by firms than harp production is
  e. both harp and sofa production will always be done by firms because there is more than one input involved in each

Question 2

Which of the following is true?
 a. If the Australian dollar depreciates, the Australian trade deficit decreases, since Australian products become cheaper to foreigners.
  b. If the Australian dollar depreciates, the Australian trade deficit decreases, since Australian products become more expensive to foreigners.
  c. If the Australian dollar depreciates, the Australian trade deficit increases, since Australian products become more expensive to foreigners.
  d. If the Australian dollar appreciates, the Australian trade deficit decreases, since Australian products become cheaper to foreigners.
  e. If the Australian dollar appreciates, the Australian trade deficit decreases, since Australian products become more expensive to foreigners.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

C

Answer to Question 2

A





 

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

For a complete list of videos, visit our video library