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

Author Question: Suppose a nation opens up to free trade and becomes an exporter of goods. Which of the following is ... (Read 114 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
Suppose a nation opens up to free trade and becomes an exporter of goods. Which of the following is then true?
 
  A) The nation as a whole suffers losses.
  B) Sellers lose.
  C) Buyers lose.
  D) Buyers gain.

Question 2

Other things constant, if tuition at a private university rises from 40,000 to 45,000 and revenue for the university decreases, the demand for the good must be
 
  A) increasing.
  B) inelastic.
  C) unit elastic.
  D) elastic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janeli1

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Free-roaming mustangs (Utah, 2005) Free-roaming mustangs (Utah, 2005)
The 2012 U.S. elections were some of the angriest the nation had seen. The count The 2012 U.S. elections were some of the angriest the nation had seen. The count
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Gibs free energy for hydrolysis of some phosphate compounds Gibs free energy for hydrolysis of some phosphate compounds
Promise Gluten Free Bread Promise Gluten Free Bread
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library