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Author Question: Suppose you have surveyed a few industries and obtained information about the income elasticity of ... (Read 42 times)

Bernana

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on: Jun 29, 2018
Suppose you have surveyed a few industries and obtained information about the income elasticity of demand for their products.
 
  If you expect that the economy is headed for a long recession, you would advise people to look for jobs in an industry with
  A) a low negative income elasticity coefficient such as -0.2.
  B) a high positive income elasticity coefficient such as 5.
  C) a low positive income elasticity coefficient such as 0.8.
  D) a high negative income elasticity coefficient such as -4.

Question 2

Refer to Table 9-7.
 
  a. Which country has an absolute advantage in the production of handbags and jackets?
  b. Which country has a comparative advantage in the production of handbags?
  c. Which country has a comparative advantage in the production of jackets?
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jliusyl

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Bernana

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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