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

Author Question: Refer to the figure above. If Lithasia opens up to free trade, then which of the following ... (Read 107 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
Refer to the figure above. If Lithasia opens up to free trade, then which of the following statements is true?
 
  A) The domestic production of pens in Lithasia will increase.
  B) The domestic price of pens will increase.
  C) Lithasia will start exporting pens.
  D) Lithasia will start importing pens.

Question 2

Money prices are an extremely effective device for promoting social cooperation because
 
  A) most people want money more than they want anything else.
  B) people are basically selfish.
  C) scarcity can be eliminated through appropriate changes in money prices.
  D) they don't change rapidly when circumstances change.
  E) they help to clarify the options available to people.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

E


debasdf

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Excellent

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Free-roaming mustangs (Utah, 2005) Free-roaming mustangs (Utah, 2005)
Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site. Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site.
A point-type ignition system showing the distributor cam which opens the points A point-type ignition system showing the distributor cam which opens the points
Some ignition coils are electrically connected, called married (top figure), whereas others use ... Some ignition coils are electrically connected, called married (top figure), whereas others use ...
The distribution of cones and rods over the human retina. The figure illustrates the number of cones ... The distribution of cones and rods over the human retina. The figure illustrates the number of cones ...
Human Figure Human Figure
Video: Photosynthesis and Van Helmont Experiment

For a complete list of videos, visit our video library