This topic contains a solution. Click here to go to the answer

Author Question: Suppose a nation opens up to free trade and becomes an exporter of goods. Which of the following is ... (Read 150 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
Suppose a nation opens up to free trade and becomes an exporter of goods. Which of the following is then true?
 
  A) The nation as a whole suffers losses.
  B) Sellers lose.
  C) Buyers lose.
  D) Buyers gain.

Question 2

Other things constant, if tuition at a private university rises from 40,000 to 45,000 and revenue for the university decreases, the demand for the good must be
 
  A) increasing.
  B) inelastic.
  C) unit elastic.
  D) elastic.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janeli1

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

C

Answer to Question 2

D




yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Wow, this really help


ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

For a complete list of videos, visit our video library