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

Author Question: Refer to above figure. What is the revenue gain or loss for Europe as a whole (including taxpayers)? ... (Read 60 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
Refer to above figure. What is the revenue gain or loss for Europe as a whole (including taxpayers)?
 
  What will be an ideal response?

Question 2

If Australia has relatively more land per worker, and Belgium has relatively more capital per worker, then if trade began between these two countries
 
  A) the relative price of the land-intensive product would increase in Australia.
  B) the relative price of the capital-intensive product would increase in Australia.
  C) the relative price of the land-intensive product would increase in Belgium.
  D) the relative price of the capital-intensive product would decrease in Belgium.
  E) relative product prices would diverge between Australia and Belgium.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leannegxo

  • Sr. Member
  • ****
  • Posts: 374
Reply #1 on: Jun 30, 2018
Answer to Question 1

A gain of 12 Million.

Answer to Question 2

A


maegan_martin

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne
Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a Structure of the ovary and uterine (fallopian) tube. Figure illustrates stages of ovum development a
A peroxidation reaction involving a fatty acid is depicted in the figure below. A peroxidation reaction involving a fatty acid is depicted in the figure below.
The Collapse of Communism in Eastern Europe The Collapse of Communism in Eastern Europe
Healthy Eating Behaviors and Weight Gain Are Important Considerations during the Third Trimester Healthy Eating Behaviors and Weight Gain Are Important Considerations during the Third Trimester
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library