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Author Question: What are the determinants of a country's comparative advantage? What will be an ideal ... (Read 65 times)

luminitza

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on: Jun 29, 2018
What are the determinants of a country's comparative advantage?
 
  What will be an ideal response?

Question 2

The demand curve for pizza in Foodieland is vertical. If a tax is imposed on each pizza bought, ________.
 
  A) the burden of the tax will fall entirely on the buyers
  B) the burden of the tax will fall entirely on the sellers
  C) the tax incidence on the sellers will be higher than that on the buyers
  D) the deadweight loss due to taxation will be large


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connor417

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

The determinants of a country's comparative advantage are:
a) Natural resources
b) Stocks of man-made resources
c) Technology
d) Education, work habits, and experience of the labor force
e) Relative abundance of labor and capital
f) Climate

Answer to Question 2

A


luminitza

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Reply #2 on: Jun 29, 2018
Thank you


connor417

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Reply #3 on: Jun 29, 2018
No problemo


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