Author Question: If the government required car makers to install more costly and effective emission control devices ... (Read 88 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
If the government required car makers to install more costly and effective emission control devices on cars, it will lead to:
 a. a higher price of cars and a larger quantity of cars sold.
  b. a higher price of cars and a smaller quantity of cars sold.
  c. a lower price of cars and a larger quantity of cars sold.
  d. a lower price of cars and a smaller quantity of cars sold.

Question 2

Karl can produce either 10 tons of oranges or 5 tons of apples in a year, while Adam can produce either 5 tons of oranges or 10 tons of apples. Which of the following is true?
 a. Adam has an absolute advantage in oranges and a comparative advantage in apples.
  b. Karl has an absolute advantage in oranges and a comparative advantage in oranges.
  c. Karl has an absolute advantage in both apples and oranges.
 d. Karl has an absolute advantage and a comparative advantage in apples.



SAUXC

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

b

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

For a complete list of videos, visit our video library