This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to the figure above. If Lithasia opens up to free trade, then which of the following ... (Read 121 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
Refer to the figure above. If Lithasia opens up to free trade, then which of the following statements is true?
 
  A) The domestic production of pens in Lithasia will increase.
  B) The domestic price of pens will increase.
  C) Lithasia will start exporting pens.
  D) Lithasia will start importing pens.

Question 2

Money prices are an extremely effective device for promoting social cooperation because
 
  A) most people want money more than they want anything else.
  B) people are basically selfish.
  C) scarcity can be eliminated through appropriate changes in money prices.
  D) they don't change rapidly when circumstances change.
  E) they help to clarify the options available to people.


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

D

Answer to Question 2

E


debasdf

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
:D TYSM

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
The anterior pituitary is sometimes called the master gland because it secretes many hormones that r The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
Diverticulosis. Figure illustrates external and internal appearance of diverticula. Diverticulosis. Figure illustrates external and internal appearance of diverticula.
Some ignition coils are electrically connected, called married (top figure), whereas others use ... Some ignition coils are electrically connected, called married (top figure), whereas others use ...
The distribution of cones and rods over the human retina. The figure illustrates the number of cones ... The distribution of cones and rods over the human retina. The figure illustrates the number of cones ...
The drum shown in the figure has a radius of 0.40 m and a moment of inertia of 2.3 kg m2about ... The drum shown in the figure has a radius of 0.40 m and a moment of inertia of 2.3 kg m2about ...
Video: Reflex arc construction

For a complete list of videos, visit our video library