« previous next »

Author Question: ________ a nation's production possibilities frontier represents economic growth. A) Moving up ... (Read 99 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?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Growth in Warm Clouds Growth in Warm Clouds
Population Growth Versus Stability Population Growth Versus Stability
Rapid growth in the use of alternative energy seems impressive Rapid growth in the use of alternative energy seems impressive
Economic Analysis of Social Issues Plus MyEconLab Economic Analysis of Social Issues Plus MyEconLab
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
economic question economic question
Video: Phlebotomy

For a complete list of videos, visit our video library