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Author Question: Refer to Figure 2-8. Which country has a comparative advantage in the production of pineapples? ... (Read 100 times)

sam.t96

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on: Jun 29, 2018
Refer to Figure 2-8. Which country has a comparative advantage in the production of pineapples?
 
  A) Costa Rica B) Guatemala
  C) They have equal productive abilities. D) neither country

Question 2

Would the housing industry be characterized as an increasing, decreasing or a constant-cost industry? Explain your position.
 
  What will be an ideal response?


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katkat_flores

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

As production in the industry expands there will be a greater demand for labor and raw materials. This will eventually bid up wage rates and prices for construction materials. Therefore, it would be considered as an increasing cost industry.


sam.t96

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

sailorcrescent

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Reply 3 on: Yesterday
:D TYSM

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