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 220 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?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

A purse made from a cane toad. A purse made from a cane toad.
Spectra of a Metal-Poor and a Metal-Rich Star Spectra of a Metal-Poor and a Metal-Rich Star
How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ... How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ...
An engine will not run if the air–fuel mixture is either too rich or too lean. An engine will not run if the air–fuel mixture is either too rich or too lean.
Effect of Shifting Labor into R&D Effect of Shifting Labor into R&D
Find derivative using product rule Find derivative using product rule
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library