Author Question: Refer to Table 5.1. Does either Andrea or Hector have an absolute advantage and if so, in what ... (Read 43 times)

mia

  • Hero Member
  • *****
  • Posts: 564
Refer to Table 5.1. Does either Andrea or Hector have an absolute advantage and if so, in what product?
 
  A) Andrea only has an absolute advantage in producing bracelets.
  B) Hector only has an absolute advantage in producing bracelets.
  C) Andrea has an absolute advantage in producing both products.
  D) Hector only has an absolute advantage in producing tiaras.

Question 2

The above table has the private demand for loanable funds and the private supply of loanable funds schedules.
 
  If the government budget surplus is 200 billion, and there is no Ricardo-Barro effect, the equilibrium real interest rate is ________ and the equilibrium quantity of loanable funds is ________.
  A) 8 percent; 700 billion
  B) 4 percent; 700 billion
  C) 4 percent; 500 billion
  D) 8 percent, 500 billion
  E) 6 percent; 600 billion



bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library