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

Author Question: Because the United States is the largest economy in the world and can produce anything it needs ... (Read 133 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
Because the United States is the largest economy in the world and can produce anything it needs domestically, there are no gains from trade for the United States. Is the previous statement correct or incorrect?
 
  What will be an ideal response?

Question 2

In the loanable funds market, a shortage of loanable funds occurs when the
 
  A) supply of loanable funds exceeds demand for loanable funds.
  B) quantity of loanable funds supplied exceeds the quantity of loanable funds demanded.
  C) demand for loanable funds exceeds supply of loanable funds.
  D) supply of loanable funds curve shifts rightward.
  E) quantity of loanable funds demanded exceeds the quantity of loanable funds supplied.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

The statement is incorrect. The United States, like any other nation, gains from trade when it specializes according to comparative advantage.

Answer to Question 2

E


michelleunicorn

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

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

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Modern Human Fossil Sites in the Old World Modern Human Fossil Sites in the Old World
Rascalz Feat. Barrington Levy & K-Os - Top Of The World Rascalz Feat. Barrington Levy & K-Os - Top Of The World
The answer to “What is the proper role of children in an economy?” varies by social class, ... The answer to “What is the proper role of children in an economy?” varies by social class, ...
Ten Leading Causes of Death in the United States, 2010. Ten Leading Causes of Death in the United States, 2010.
Daily Calorie Intake from Sugar Drinks, United States, 2005–2008 Daily Calorie Intake from Sugar Drinks, United States, 2005–2008
Agricultural Land as a Fraction of Total Wealth in the United Kingdom Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Video: Arthroscopy

For a complete list of videos, visit our video library