« previous next »

Author Question: Explain comparative advantage. What will be an ideal response?[br][br][b][color=#347235]Question ... (Read 71 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
Explain comparative advantage.
 
  What will be an ideal response?

Question 2

If a decrease in income leads to an increase in the demand for macaroni, then macaroni is
 
  A) an inferior good. B) a necessity. C) a neutral good. D) a normal good.


vickyvicksss

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 29, 2018
Answer to Question 1

Comparative advantage is the advantage in the production of a product enjoyed by one country over another when that product can be produced at lower cost in terms of other goods foregone than it could be in the other country.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Cytoplasmic response to a signal: the stimulation of glycogen breakdown by epinephrine. Cytoplasmic response to a signal: the stimulation of glycogen breakdown by epinephrine.
How to solve an exponential growth problem involving bacterial growth (Question 1) How to solve an exponential growth problem involving bacterial growth (Question 1)
How to calculate regular payments or deposits using the annuity formula (Question 2) How to calculate regular payments or deposits using the annuity formula (Question 2)
Question Question
Advertising Break-even Question Advertising Break-even Question
Y U NO ... Ask a Question? (Animated) Y U NO ... Ask a Question? (Animated)
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library