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

Author Question: When the price level rises, the quantity of real GDP supplied ________ because ________. A) ... (Read 133 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
When the price level rises, the quantity of real GDP supplied ________ because ________.
 
  A) increases; new businesses open
  B) increases; businesses fail and have to shut their doors
  C) decreases; businesses fail and have to shut their doors
  D) increases; AS curve shifts rightward
  E) decreases; new businesses open

Question 2

Consider a nation that has a comparative advantage in the production of goods using unskilled labor. What types of workers will benefit from increased trade, and what type will lose?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

As a result of trade, the wage of unskilled labor will increase and the wage of skilled labor will decrease.


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Gracias!

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

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?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Comparison of the level of skin damage as a result of the three different degrees of burns. Comparison of the level of skin damage as a result of the three different degrees of burns.
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
A steady needle reading that rises 2 or 3 inches Hg when the engine speed is increased slightly ... A steady needle reading that rises 2 or 3 inches Hg when the engine speed is increased slightly ...
Impacts of rising sea level Impacts of rising sea level
Denney's model ON actual level of performance on exercised and unexercised abilities Denney's model ON actual level of performance on exercised and unexercised abilities
The mole fraction of oxygen in dry air near sea level is 0.20948, where the molar mass of ... The mole fraction of oxygen in dry air near sea level is 0.20948, where the molar mass of ...
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library