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Author Question: The greater the substitutability between Northwest timber and Southeast timber, the ________ is the ... (Read 184 times)

cagreen833

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on: Jun 29, 2018
The greater the substitutability between Northwest timber and Southeast timber, the ________ is the cross elasticity of demand between timber from the two regions and the ________ is the elasticity of demand for Northwest timber.
 
  A) smaller; smaller
  B) smaller; larger
  C) larger; smaller
  D) larger; larger

Question 2

Using the data in the above table, if exports = 1,150 billion and the private sector runs a surplus of 300 billion, the government sector will run
 
  A) a surplus of 150 billion.
  B) a surplus of 450 billion.
  C) a deficit of 150 billion.
  D) a deficit of 450 billion.


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Carliemb17

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

D

Answer to Question 2

C


cagreen833

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

kusterl

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Reply 3 on: Yesterday
Gracias!

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