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Author Question: The United States has a comparative advantage and specialize in the production of airplanes. ... (Read 142 times)

cnetterville

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on: Jun 29, 2018
The United States has a comparative advantage and specialize in the production of airplanes. Compared to the situation with no trade, which of the following will occur?
 
  A) More airplanes will be produced in the United States.
  B) There will be no change in the price of airplanes in the United States.
  C) The world price of airplanes will increase.
  D) The quantity of airplanes demanded in the United States will increase.

Question 2

In the above figure, which demand curve illustrates perfectly elastic demand?
 
  A) G
  B) H
  C) I
  D) J


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sylvia

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

A

Answer to Question 2

D


cnetterville

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Liddy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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