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

Author Question: A country that has a comparative advantage in producing capital goods will ________ a country that ... (Read 114 times)

mia

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
A country that has a comparative advantage in producing capital goods will ________ a country that has a comparative advantage in consumption goods.
 
  A) reap all of the gains from trade when it trades with
  B) grow slower than
  C) reap fewer of the gains from trade when it trades with
  D) specialize in producing capital goods and trade with

Question 2

A fall in the price of X from 12 to 8 causes an increase in the quantity of Y demanded from 900 to 1,100 units. What is the cross elasticity of demand between X and Y?
 
  A) 0.5
  B) -0.5
  C) 2
  D) -2


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


mia

  • Member
  • Posts: 564
Reply 2 on: Jun 29, 2018
Excellent

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Comparative features of blood vessels. Comparative features of blood vessels.
Comparative illustration of a leopard (left) and cheetah (right) Comparative illustration of a leopard (left) and cheetah (right)
Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital" Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital"
Each of the eight injectors shown are producing a correct spray pattern for the applications. While ... Each of the eight injectors shown are producing a correct spray pattern for the applications. While ...
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Producing cDNA from mRNA Producing cDNA from mRNA
Video: Biological organic compounds

For a complete list of videos, visit our video library