Refer to the figure above. What is the domestic price of chairs in Lithasia in the absence of trade? ...

Author Question: Refer to the figure above. What is the domestic price of chairs in Lithasia in the absence of trade? ... (Read 61 times)

leo leo

Hero Member
Posts: 566

on: Jun 29, 2018

Refer to the figure above. What is the domestic price of chairs in Lithasia in the absence of trade?

A) 2
B) 3
C) 4
D) 6

Question 2

Which of the following is NOT a necessary precondition for economic growth?

A) economic freedom
B) democracy
C) property rights
D) free markets
E) ALL of the above are necessary preconditions.

elizabethrperez

Sr. Member
Posts: 344

Reply #1 on: Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

B

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.