« previous next »

Author Question: ________ a nation's production possibilities frontier represents economic growth. A) Moving up ... (Read 76 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
________ a nation's production possibilities frontier represents economic growth.
 
  A) Moving up along B) An outward shift of
  C) An inward shift of D) Moving down along

Question 2

Critically evaluate the following statement. Only if a country enjoys an absolute advantage in the production of a particular good will that country find it beneficial to trade it with another country.
 
  What will be an ideal response?


cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Absolute advantage is not what governs trade. Trade occurs instead because of comparative advantage that one country might have over another in the production of a particular good or service.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

General features of a growth factor or hormone signalling pathway that promotes cell division General features of a growth factor or hormone signalling pathway that promotes cell division
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
Policies on fertility and population growth Policies on fertility and population growth
Ice sheet growth and decay is complex Ice sheet growth and decay is complex
economic question economic question
economic question economic question
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library