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

Author Question: Explain how trade will tend to emerge along the lines of comparative advantage if markets are ... (Read 84 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
Explain how trade will tend to emerge along the lines of comparative advantage if markets are allowed to work freely.
 
  What will be an ideal response?

Question 2

Before the creation of the European Economic Community, there was the
 
  A) European Economic Union.
  B) European Coal and Steel Community.
  C) European Union.
  D) European Free Trade Area.
  E) Single European Community.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macybarnes

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

Comparative advantage is determined by autarky prices. Foreign demand will tend to drive up (down) the autarky price of a country's comparative advantage (disadvantage) good, raising short term profits and attracting resources to that industry. These resources come from the import competing comparative disadvantage sector.

Answer to Question 2

B


asd123

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Risk of death from motorcycle accidents (dashed lines) and passenger accidents (solid lines) per 100 Risk of death from motorcycle accidents (dashed lines) and passenger accidents (solid lines) per 100
Colonial Trade with England, 1700–1774 Colonial Trade with England, 1700–1774
A pleasant smile can go a long way, even through telephone lines. A pleasant smile can go a long way, even through telephone lines.
It is difficult to capture the anguish of the children of divorce, but when I read these lines by ... It is difficult to capture the anguish of the children of divorce, but when I read these lines by ...
Please explain the different Rf values for xanthophyll’s in paper chromatography compared to ... Please explain the different Rf values for xanthophyll’s in paper chromatography compared to ...
Tension Lines of the Skin Tension Lines of the Skin
Video: Sigmoidoscopy

For a complete list of videos, visit our video library