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Author Question: Liz has a comparative advantage in ________ because ________. A) smoothies; she can produce more ... (Read 34 times)

sc00by25

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on: Jun 29, 2018
Liz has a comparative advantage in ________ because ________.
 
  A) smoothies; she can produce more smoothies per hour than Joe can
  B) salads; she can produce more salads per hour than Joe can
  C) smoothies; her opportunity cost of producing smoothies is lower than Joe's
  D) both goods; she can produce more of both goods per hour than Joe can
  E) salads; her opportunity cost of producing salads is lower than Joe's

Question 2

During the recession of 2009, the consumption function temporarily shifted ________ as a fall in house prices ________ wealth and encouraged people to ________ more.
 
  A) downward; raised; spend
  B) downward; raised; save
  C) upward; lowered; save
  D) downward; lowered; save
  E) downward; lowered; spend


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wshriver

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


sc00by25

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

recede

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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