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

Author Question: Refer to the figure above. This country has comparative advantage in A) X. B) Y. C) both X ... (Read 71 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Refer to the figure above. This country has comparative advantage in
 
  A) X.
  B) Y.
  C) both X and Y.
  D) Can't tell without more information.

Question 2

If the price of a good rises by 10 and the quantity purchased falls by 15, then demand for the good is ________ and total spending on the good will ________.
 
  A) elastic; increase
  B) inelastic; increase
  C) elastic; decrease
  D) me and so inelastic; decrease


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hollysheppard095

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


CBme

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho
Ugonachomma display figure, Igbo, Nigeria. Ugonachomma display figure, Igbo, Nigeria.
Country of Birth of Authorized U.S. Immigrants Country of Birth of Authorized U.S. Immigrants
Controlling access to water in order to gain political and strategic advantage in Gaza Controlling access to water in order to gain political and strategic advantage in Gaza
Explain how it can be desirable from an intertemporal perspective for a country run a current ... Explain how it can be desirable from an intertemporal perspective for a country run a current ...
Video: Calvin cycle (The light-independent reactions )

For a complete list of videos, visit our video library