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

Author Question: A country that has a comparative advantage in producing capital goods will ________ a country that ... (Read 160 times)

mia

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
A country that has a comparative advantage in producing capital goods will ________ a country that has a comparative advantage in consumption goods.
 
  A) reap all of the gains from trade when it trades with
  B) grow slower than
  C) reap fewer of the gains from trade when it trades with
  D) specialize in producing capital goods and trade with

Question 2

A fall in the price of X from 12 to 8 causes an increase in the quantity of Y demanded from 900 to 1,100 units. What is the cross elasticity of demand between X and Y?
 
  A) 0.5
  B) -0.5
  C) 2
  D) -2


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

apple

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


mia

  • Member
  • Posts: 564
Reply 2 on: Jun 29, 2018
Excellent

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Fallow deer at Avon Valley Country Park, Bristol, England Fallow deer at Avon Valley Country Park, Bristol, England
Natural capital degradation Natural capital degradation
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
GDP and Capital per Worker, 2009 GDP and Capital per Worker, 2009
Comparative Morphology Comparative Morphology
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library