Author Question: What are factor endowments? What will be an ideal response?[br][br][b][color=#7BCCB5]Question ... (Read 67 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
What are factor endowments?
 
  What will be an ideal response?

Question 2

If smartwatches are considered substitutes for smartphones, the decline in the price of smartphones would, all else equal
 
  A) increase the quantity of smartwatches demanded.
  B) decrease the quantity of smartwatches demanded.
  C) increase the demand for smartwatches.
  D) decrease the demand for smartwatches.



Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Answer to Question 1

Factor endowments are the quantity and quality of labor, land, and natural resources of a country.

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

For a complete list of videos, visit our video library