« previous next »

Author Question: The ratio of the percentage change in consumption of a good divided by the percentage change in ... (Read 47 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
The ratio of the percentage change in consumption of a good divided by the percentage change in income (as measured by GDP) is known as the
 
  A) income elasticity of demand.
  B) income expansion path.
  C) demand elasticity equivalent.
  D) trade effectiveness.

Question 2

The HO model rules out the classical model's basis for trade by assuming that ________ is (are) identical between countries.
 
  A) factor endowments
  B) factor intensities
  C) technology
  D) opportunity costs


nital

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

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?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ... Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ...
International Normalized Ratio Guidelines for Dental Treatment International Normalized Ratio Guidelines for Dental Treatment
U.S. Energy Consumption U.S. Energy Consumption
Climate Change Climate Change
Kneeling on one knee to keep good alignment when massaging the arms and hands. Kneeling on one knee to keep good alignment when massaging the arms and hands.
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library