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

Author Question: A country will export wheat if, with no international trade, ______. A. it produces a surplus of ... (Read 65 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
A country will export wheat if, with no international trade, ______.
 
  A. it produces a surplus of wheat
  B. its opportunity cost of producing wheat is below the world price
  C. its domestic price of wheat exceeds the world price
  D. other countries have a shortage of wheat

Question 2

The Federal Reserve cut the federal funds rate seven times between September 2007 and March 2008. What event led the Fed to make these reductions in the federal funds rate?
 
  A) The chairman of the Federal Reserve System persuaded members of the Federal Open Market Committee to lower interest rates in order to reduce the price of oil in international markets.
  B) During this period there was a substantial reduction in the demand for housing.
  C) It was in response to reductions in the discount rate, which was also lowered seven times over the same time period.
  D) Several large investment banks failed during this time period.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

B If the opportunity cost of producing wheat is below the world price, the country has a comparative advantage in wheat pro-duction.

Answer to Question 2

B


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Gracias!

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Ivory trade in East Africa during the 1880s and 1890s Ivory trade in East Africa during the 1880s and 1890s
French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho
A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no
Renzo Piano Building Workshop, International departures lounge, Kansai International Airport, Osaka, ... Renzo Piano Building Workshop, International departures lounge, Kansai International Airport, Osaka, ...
Region’s Culture in International Context Region’s Culture in International Context
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library