Author Question: If Norwegian workers are more productive than Albanian workers, then trade between Norway and ... (Read 143 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?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

For a complete list of videos, visit our video library