« previous next »

Author Question: If workers in Mexico produce fewer goods and services per hour than workers in the United States in ... (Read 163 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
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
« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

The proportion of obese and extremely obese adults in the United States has increased over the past The proportion of obese and extremely obese adults in the United States has increased over the past
The cultural script in the United States is for males to be the initiators and females the ... The cultural script in the United States is for males to be the initiators and females the ...
Active solar technologies use for heat, cool, and produce electricity Active solar technologies use for heat, cool, and produce electricity
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Diagrams a mitotic chromosome, showing how chromatin is condensed to produce it Diagrams a mitotic chromosome, showing how chromatin is condensed to produce it
Video: Parkinson's Disease

For a complete list of videos, visit our video library