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

Author Question: Suppose the United states production possibility frontier was flatter to the widget axis, whereas ... (Read 73 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
on: Jun 30, 2018
Suppose the United states production possibility frontier was flatter to the widget axis, whereas Germany's was flatter to the butter axis. We now learn that the German wage doubles, but U.S. wages do not change at all. We now know that
 
  A) the United States has no comparative advantage.
  B) Germany has a comparative advantage in butter.
  C) the United States has a comparative advantage in butter.
  D) Not enough information is given.
  E) Germany gains a comparative advantage in widgets.

Question 2

The global financial crisis that began in 2008 was a great illustration of how interdependent national economies are.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nguyenhoanhat

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

TRUE


jCorn1234

  • Member
  • Posts: 545
Reply 2 on: Jun 30, 2018
Excellent

bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Among non-Muslims in the United States, wearing a head scarf, or a khimar, is a personal fashion ... Among non-Muslims in the United States, wearing a head scarf, or a khimar, is a personal fashion ...
How Safe Is Your State? Violent Crime in the United States How Safe Is Your State? Violent Crime in the United States
Largest nitric acid plants in the United States Largest nitric acid plants in the United States
Importance of intermediate states Importance of intermediate states
Production of ABO blood group antigens Production of ABO blood group antigens
Production of colorless sectors and reversion of the unstable colorless Production of colorless sectors and reversion of the unstable colorless
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library