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

Author Question: When a rich nation buys a product made in a poor nation, in the poor nation the demand for labor ... (Read 170 times)

bobypop

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
When a rich nation buys a product made in a poor nation, in the poor nation the demand for labor ________ and the wage rate ________.
 
  A) increases; rises
  B) increases; falls
  C) decreases; rises
  D) decreases; falls

Question 2

The above figure illustrates the marginal social benefit and marginal social cost for chicken sandwiches. If the quantity is decreased from 6 to 3 and the price increases from 3 to 4, consumer surplus will decrease by
 
  A) 1.50.
  B) 2.00.
  C) 3.00.
  D) 4.50.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


bobypop

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jun 29, 2018
Thank you :)


mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

The Movius line separates regions of the world where Acheulean hand axes were made from regions wher The Movius line separates regions of the world where Acheulean hand axes were made from regions wher
This fisherwoman from Kerry, one of the poorest counties in Ireland, may have been one of the many t This fisherwoman from Kerry, one of the poorest counties in Ireland, may have been one of the many t
Glowing Base Of Tree Made By Arranging Leaves Glowing Base Of Tree Made By Arranging Leaves
Healthier choices can be made when time is taken to read a nutrition label. Healthier choices can be made when time is taken to read a nutrition label.
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
Structure of a Sterol Rather than being made from fatty acids Structure of a Sterol Rather than being made from fatty acids
Video: Phlebotomy

For a complete list of videos, visit our video library