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Author Question: If Country A can produce an extra plane by giving up two boats, and Country B can produce an extra ... (Read 91 times)

Yolanda

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on: Jun 29, 2018
If Country A can produce an extra plane by giving up two boats, and Country B can produce an extra plane by giving up three boats, then
 
  A) Country A has an absolute advantage in producing planes and a comparative advantage in producing boats.
  B) The two countries have no incentive to trade with one another.
  C) Country A would like to trade with B, but B cannot gain by trading with A.
  D) Country B has a comparative advantage over Country A in the production of planes.
  E) Country A has a comparative advantage over Country B in the production of planes.

Question 2

A balance of payments surplus occurs if
 
  A) the supply of a nation's currency is equal to the demand for the currency at the current exchange rate.
  B) exports exceed imports.
  C) the supply of a nation's currency exceeds the demand for the currency at the current exchange rate.
  D) the demand for a nation's currency exceeds the supply of the currency at the current exchange rate.


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lkanara2

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Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

D


Yolanda

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

6ana001

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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