« previous next »

Author Question: As a result of the 2008-2009 financial crisis and the decrease in GDP in many European economies, we ... (Read 128 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
As a result of the 2008-2009 financial crisis and the decrease in GDP in many European economies, we would expect
 
  A) an increase in the demand for U.S. exports and a leftward shift in the demand curve for dollars.
  B) a decrease in the demand for U.S. exports and a leftward shift in the demand curve for dollars.
  C) a decrease in the demand for U.S. exports and a rightward shift in the demand curve for dollars.
  D) a decrease in the demand for U.S. imports and a movement up along the demand curve for dollars.

Question 2

An economy produces only food and shelter. There are two individuals in the economy: Bill and Mary. Mary's opportunity cost of producing 1 unit of shelter is 2 units of food. Bill's opportunity cost of producing 1 unit of shelter is 4 units of food.
 
  A) Bill has a comparative advantage over Mary in the production of shelter.
  B) Mary has a comparative advantage over Bill in the production of food.
  C) Mary has a comparative advantage over Bill in the production of shelter.
  D) Bill has an absolute advantage over Mary in the production of shelter.


sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 29, 2018
Thank you


sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

A European Rabbit (Oryctolagus cuniculus) in Tasmania A European Rabbit (Oryctolagus cuniculus) in Tasmania
A melanistic jaguar at the Henry Doorly Zoo. Melanism is the result of a dominant allele and remains A melanistic jaguar at the Henry Doorly Zoo. Melanism is the result of a dominant allele and remains
European wildcat European wildcat
The same star field photographed with (a) a ground-based telescope, which is subject to poor seeing The same star field photographed with (a) a ground-based telescope, which is subject to poor seeing
IQ and Genetics The closer the genetic relationship, the higher the correlation in IQ. Based on: Br IQ and Genetics The closer the genetic relationship, the higher the correlation in IQ. Based on: Br
Rule of Law and Factor Accumulation, 2009 Rule of Law and Factor Accumulation, 2009
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library