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

Author Question: A country possesses a comparative advantage in the production of a good if A) the opportunity ... (Read 199 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
A country possesses a comparative advantage in the production of a good if
 
  A) the opportunity cost in terms of forgone output of alternative goods is lower for this country than it is for its trading partners.
  B) it possesses an absolute advantage in the production of this good.
  C) it is able to produce more of this good per hour than can any other country.
  D) all of the above.

Question 2

The income elasticity of demand is largest for
 
  A) food.
  B) clothing.
  C) shelter.
  D) luxuries.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Alainaaa8

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
Excellent

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

El Niño and areas of high marine primary production around the Galapagos Islands. Noti El Niño and areas of high marine primary production around the Galapagos Islands. Noti
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
The medical assisting profession offers many settings in which to pursue your career. Good communica The medical assisting profession offers many settings in which to pursue your career. Good communica
Page from a copy of Nizami's Khamseh (Quintet) illustrating a princely country feast, Persian, ... Page from a copy of Nizami's Khamseh (Quintet) illustrating a princely country feast, Persian, ...
First-Pass Effect: Oral Drug Is Metabolized to an Inactive Form Before It Has an Opportunity to ... First-Pass Effect: Oral Drug Is Metabolized to an Inactive Form Before It Has an Opportunity to ...
World Aquaculture Production "لإنتاج العالمي لتربية الأحياء" World Aquaculture Production "لإنتاج العالمي لتربية الأحياء"
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library