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

Author Question: The United States and Brazil are competitors in the world soybean market. In the late 1960s and ... (Read 86 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jul 1, 2018
The United States and Brazil are competitors in the world soybean market. In the late 1960s and early 1970s, the Brazilian government developed regulations designed to encourage Brazilian soybean production and exports.
 
  An unanticipated effect of the Brazilian regulations was to stimulate U.S. soybean production and exports. The type of economic analysis that would explain and predict these effects is called A) closed economy macroeconomics.
  B) international economics.
  C) partial equilibrium analysis.
  D) full market analysis.
  E) general equilibrium analysis.

Question 2

Assume that labor and capital are complements in production and that the wage declines. Which of the following statements best describes the adjustment in the use of labor?
 
  A) Adjustments in labor use are not influenced by adjustments in capital use.
  B) The MRPL curve shifts downward in this case.
  C) More labor is used both because of the reduced wage and increased use of capital.
  D) Changes in labor use are indeterminate because the reduced wage and reduced use of capital have opposite influences on the use of labor.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jul 1, 2018
:D TYSM

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Rascalz Feat. Barrington Levy & K-Os - Top Of The World Rascalz Feat. Barrington Levy & K-Os - Top Of The World
Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site. Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site.
The three states of matter: solid, liquid, and gas. The three states of matter: solid, liquid, and gas.
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
GDP per Capita in the United States, 1870–2009 (Ratio Scale) GDP per Capita in the United States, 1870–2009 (Ratio Scale)
Regulatory effects of the vascular endothelium in normal and pathologic states Regulatory effects of the vascular endothelium in normal and pathologic states
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library