Author Question: Relative to a no-international-trade initial situation, if the United States had a comparative ... (Read 27 times)

K@

  • Hero Member
  • *****
  • Posts: 608
Relative to a no-international-trade initial situation, if the United States had a comparative advantage in wine production and exported wine, the U.S. domestic price of wine:
 a. would rise, but domestic output would fall.
  b. would fall, but domestic output would rise.
  c. would rise, and domestic output would rise.
  d. would fall, and domestic output would fall.

Question 2

Cleaning an environment may lead to:
 a. less production.
  b. higher prices.
 c. lower incomes.
 d. all of the above.



cpetit11

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

c

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

For a complete list of videos, visit our video library