This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If real GDP in 2016 (using 2009 prices) is lower than nominal GDP of 2015, then A) prices in 2016 ... (Read 170 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
If real GDP in 2016 (using 2009 prices) is lower than nominal GDP of 2015, then
 
  A) prices in 2016 are higher than prices in 2015.
  B) prices in 2016 are lower than prices in 2015.
  C) real GDP in 2016 is larger than real GDP in 2015.
  D) nominal GDP in 2016 equals nominal GDP in 2015.

Question 2

Refer to Figure 2-2. The linear production possibilities frontier in the figure indicates that
 
  A) it is progressively more expensive to produce meat.
  B) Mendonca has a comparative disadvantage in the production of meat.
  C) the tradeoff between meat and vegetables is constant.
  D) Mendonca has a comparative advantage in the production of vegetables.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaylee05

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


beccaep

  • Member
  • Posts: 535
Reply 2 on: Jun 29, 2018
Excellent

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Are reality shows “real”? Does the media tell the “truth”? Are reality shows “real”? Does the media tell the “truth”?
Stretching the flexors of the foot in plantarflexion, recipient prone. Lower leg perpendicular to ... Stretching the flexors of the foot in plantarflexion, recipient prone. Lower leg perpendicular to ...
Two-handed kneading to lower leg muscles. Knead the belly of the calf muscles using two hands ... Two-handed kneading to lower leg muscles. Knead the belly of the calf muscles using two hands ...
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Pitting edema of the lower extremities Pitting edema of the lower extremities
Determine the # of real roots from the equation Determine the # of real roots from the equation
Video: Phlebotomy

For a complete list of videos, visit our video library