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

Author Question: David takes 10 minutes to process a customer, and 20 minutes to stock the shelves. Danny takes 15 ... (Read 193 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
David takes 10 minutes to process a customer, and 20 minutes to stock the shelves. Danny takes 15 minutes to process a customer, and 15 minutes to stock the shelves. Which of the following statements is true?
 
  A) Danny has a comparative advantage in processing customers and in stocking shelves.
  B) David has a comparative advantage in processing customers but not in stocking shelves.
  C) Danny has an absolute advantage in performing both tasks.
  D) Danny has a comparative advantage in processing customers but not in stocking shelves.
  E) David has an absolute advantage in performing both tasks.

Question 2

If the exchange rate rises as shown by the arrow in the figure above, the price of imports coming into the United States will be ________, Americans will supply ________ dollars in order to get the foreign exchange to purchase ________ imported goods
 
  .
  A) higher; more; more
  B) lower; more; more
  C) lower; fewer; more
  D) lower; fewer; fewer
  E) higher; fewer; more
 
  The figure above shows supply curves of dollars in the foreign exchange market.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

itsakadoozi

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


abarnes

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 29, 2018
Thank you


itsakadoozi

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

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?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Larynx, trachea, bronchi, and lungs with an expanded view showing the structures of an alveolus and Larynx, trachea, bronchi, and lungs with an expanded view showing the structures of an alveolus and
Jacques-Louis David, Napoleon Crossing the Saint-Bernard. Jacques-Louis David, Napoleon Crossing the Saint-Bernard.
Phrases that Decrease Customer Service Level Phrases that Decrease Customer Service Level
Research Methods: A Process of Inquiry Research Methods: A Process of Inquiry
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
Video: Kidney Stones

For a complete list of videos, visit our video library