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

Author Question: Which of the statements about the gains from international trade is CORRECT? A) Everyone gains ... (Read 177 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
Which of the statements about the gains from international trade is CORRECT?
 
  A) Everyone gains from international trade.
  B) Some people gain from international trade and some lose, though overall the gains exceed the losses.
  C) Some people gain from international trade and some lose; overall the gains exceed the losses.
  D) Everyone loses from international trade.

Question 2

The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink another
 
  A) his total utility will increase.
  B) the marginal utility from the 5th drink equals 30.
  C) the marginal utility from the 5th drinks equals 50.
  D) Both answers A and B are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parker125

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


nummyann

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
Gracias!

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

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?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

NANDA international two part format NANDA international two part format
International Performance in Reading, Math, and Science, Eight Grade International Performance in Reading, Math, and Science, Eight Grade
Eero Saarinen, TWA Terminal, John F. Kennedy International Airport, New York. Eero Saarinen, TWA Terminal, John F. Kennedy International Airport, New York.
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
Growth of World Trade, 1870–2010 Growth of World Trade, 1870–2010
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Video: Hormonal feedback loop components & Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library