Author Question: If workers in Mexico produce fewer goods and services per hour than workers in the United States in ... (Read 82 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
If workers in Mexico produce fewer goods and services per hour than workers in the United States in all areas of production, then
 
  A) Mexico will benefit from trade with the United States, but the United States will not.
  B) the United States will benefit from trade with Mexico, but Mexico will not.
  C) neither Mexico nor the United States will benefit from trade with the other.
  D) both the United States and Mexico will benefit from trade with the other.
  E) it is unknown whether either country can benefit from trade with the other.

Question 2

What is the effect on the aggregate demand curve from an increase in the price level? In particular, does the aggregate demand curve shift leftward or rightward?
 
  What will be an ideal response?



TheNamesImani

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

D

Answer to Question 2

When the price level increases, there is a movement along the aggregate demand curve. The quantity of real GDP demanded decreases in response to an increase in the price level. However, the aggregate demand curve does not shift.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

For a complete list of videos, visit our video library