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 177 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?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

The discovery of aquaporins, water channels made of a transmembrane protein. The discovery of aquaporins, water channels made of a transmembrane protein.
Rover exposes silica-rich dust on Mars Rover exposes silica-rich dust on Mars
Listening to Normal Speech or Its Prosodic Components Functional MRI scans were made while subjects Listening to Normal Speech or Its Prosodic Components Functional MRI scans were made while subjects
A sod house in North Dakota, 1896. Individual “bricks” of sod were hewn from the ground and stacked A sod house in North Dakota, 1896. Individual “bricks” of sod were hewn from the ground and stacked
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Have you wondered what Nutella made of! Have you wondered what Nutella made of!
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library