« previous next »

Author Question: Without trade, the consumption possibilities for two nations are: a. outside their production ... (Read 79 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
Without trade, the consumption possibilities for two nations are:
 a. outside their production possibilities curve.
  b. inside their production possibilities curve.
  c. along their production possibilities curve.
  d. at a point equal to the world production possibilities curve.

Question 2

Real income is the purchasing power of nominal (money) income.
 a. True
  b. False
  Indicate whether the statement is true or false


stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Pathway of urine production and elimination. Pathway of urine production and elimination.
Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ... Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ...
Global consumption of fossil fuel Global consumption of fossil fuel
World Crude Oil Production, 1900–2010 World Crude Oil Production, 1900–2010
British Iron Production, 1600–1870 British Iron Production, 1600–1870
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Video: Inflammation and Fever

For a complete list of videos, visit our video library