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Author Question: Refer to Figure 5-1. The efficient equilibrium price is A) 60. B) 50. C) 40. D) < ... (Read 105 times)

jwb375

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on: Jun 29, 2018
Refer to Figure 5-1. The efficient equilibrium price is
 
  A) 60. B) 50. C) 40. D) < 40.

Question 2

Examples of comparative advantage show how trade between two countries can make each better off. Compared to their pre-trade positions, trade makes both countries better off because in each country
 
  A) total employment is greater. B) total welfare is greater.
  C) total consumption of goods is greater. D) wages are higher.


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dmurph1496

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

B

Answer to Question 2

C


jwb375

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

carlsona147

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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