Author Question: Refer to Table 2-6. Which of the following statements is true? A) Lucy has a comparative ... (Read 76 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
Refer to Table 2-6. Which of the following statements is true?
 
  A) Lucy has a comparative advantage in making both products.
  B) Lucy has a comparative advantage in making tricycles and James in making wagons.
  C) James has a comparative advantage in making both products.
  D) Lucy has a comparative advantage in making wagons and James in making tricycles.

Question 2

If there is currently a shortage of dollars, which of the following would you expect to see in the foreign exchange market?
 
  A) The dollar will appreciate.
  B) There will be an increase in the supply of dollars.
  C) There will be an increase in the demand for dollars.
  D) The dollar will depreciate.



karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

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

For a complete list of videos, visit our video library