Author Question: For each surfboard that Australia produces, it gives up the opportunity to make 25 boomerangs. New ... (Read 30 times)

dbose · **on:** Jun 29, 2018

For each surfboard that Australia produces, it gives up the opportunity to make 25 boomerangs. New Zealand can produce 1 surfboard for every 15 boomerangs it produces.

Which of the following is true about the comparative advantage between the two countries?
A) Australia has the comparative advantage in producing surfboards.
B) New Zealand has the comparative advantage in producing surfboards and boomerangs.
C) Australia has the comparative advantage in producing boomerangs.
D) New Zealand has the comparative advantage in producing boomerangs.

Question 2

In April, market analysts predict that the price of titanium will fall in May. What happens in the titanium market in April, holding everything else constant?

A) The quantity demanded and the quantity supplied increase.
B) The supply curve shifts to the right.
C) The supply curve shifts to the left.
D) The demand curve shifts to the right.

brittanywood · **Reply #1 on:** Jun 29, 2018

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

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