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

Author Question: John can make pizza at a lower opportunity cost than Allen, but Allen can make more pizzas per day ... (Read 184 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
John can make pizza at a lower opportunity cost than Allen, but Allen can make more pizzas per day than John. Therefore,
 
  A) John has an absolute advantage in pizza.
  B) Allen cannot benefit from trade with John.
  C) John has a comparative advantage in pizza.
  D) John cannot benefit from trade with Allen.
  E) Allen has a comparative advantage in pizza.

Question 2

If the U.S. government enters the foreign exchange market and purchases dollars to maintain a specific exchange rate with the yen, the dollar will ________ and the yen will ________.
 
  A) depreciate; depreciate B) depreciate; appreciate
  C) appreciate; depreciate D) appreciate; appreciate


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scottmt

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Coya19@aol.com

  • Member
  • Posts: 601
Reply 2 on: Jun 29, 2018
Wow, this really help

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

The use of bacteria to make human insulin The use of bacteria to make human insulin
Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Republican candidates John McCain and Sarah Palin campaign at Franklin & Marshall University in Republican candidates John McCain and Sarah Palin campaign at Franklin & Marshall University in
The Masses, a leading Socialist magazine, featured drawings by artists, including John Sloan, as wel The Masses, a leading Socialist magazine, featured drawings by artists, including John Sloan, as wel
Nicolas Poussin, Landscape with St. John on Patmos. Nicolas Poussin, Landscape with St. John on Patmos.
To make a 3.00 m solution, one could take 3.00 moles of solute and add To make a 3.00 m solution, one could take 3.00 moles of solute and add
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library