This topic contains a solution. Click here to go to the answer

Author Question: Liz has a comparative advantage in ________ because ________. A) smoothies; she can produce more ... (Read 41 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
Liz has a comparative advantage in ________ because ________.
 
  A) smoothies; she can produce more smoothies per hour than Joe can
  B) salads; she can produce more salads per hour than Joe can
  C) smoothies; her opportunity cost of producing smoothies is lower than Joe's
  D) both goods; she can produce more of both goods per hour than Joe can
  E) salads; her opportunity cost of producing salads is lower than Joe's

Question 2

During the recession of 2009, the consumption function temporarily shifted ________ as a fall in house prices ________ wealth and encouraged people to ________ more.
 
  A) downward; raised; spend
  B) downward; raised; save
  C) upward; lowered; save
  D) downward; lowered; save
  E) downward; lowered; spend



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wshriver

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

C

Answer to Question 2

D




sc00by25

  • Member
  • Posts: 596
Reply 2 on: Jun 29, 2018
Gracias!


aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

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?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

For a complete list of videos, visit our video library