Author Question: If Norwegian workers are more productive than Albanian workers, then trade between Norway and ... (Read 96 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
If Norwegian workers are more productive than Albanian workers, then trade between Norway and Albania
 
  A) will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want.
  B) cannot take place until Albanian workers become more productive.
  C) can take place only if Albania has an absolute advantage in producing a good or service Norwegian buyers want.
  D) cannot take place because Norwegian goods and services will be less expensive than Albanian goods and services.

Question 2

Refer to Figure 6-8. Identify the two goods which are substitutes.
 
  A) Good X and Good Z
  B) Good Y and Good Z
  C) Good X and Good Y
  D) It is not possible to distinguish any relationship among the goods.


bigcheese9

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

bigcheese9

  • Sr. Member
  • ****
  • Posts: 333

 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

For a complete list of videos, visit our video library