Author Question: If Norwegian workers are more productive than Albanian workers, then trade between Norway and ... (Read 95 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
If Norwegian workers are more productive than Albanian workers, then trade between Norway and Albania
 
  A) will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want.
  B) cannot take place until Albanian workers become more productive.
  C) can take place only if Albania has an absolute advantage in producing a good or service Norwegian buyers want.
  D) cannot take place because Norwegian goods and services will be less expensive than Albanian goods and services.

Question 2

Refer to Figure 6-8. Identify the two goods which are substitutes.
 
  A) Good X and Good Z
  B) Good Y and Good Z
  C) Good X and Good Y
  D) It is not possible to distinguish any relationship among the goods.


bigcheese9

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

bigcheese9

  • Sr. Member
  • ****
  • Posts: 333

 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

For a complete list of videos, visit our video library