Author Question: If the government required car makers to install more costly and effective emission control devices ... (Read 70 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?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

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).

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

For a complete list of videos, visit our video library