Author Question: A country in autarky does not trade. Indicate whether the statement is true or ... (Read 45 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
A country in autarky does not trade.
 
  Indicate whether the statement is true or false

Question 2

If an economy experiences an increase in its labor force, everything else constant, then at constant world prices, it will
 
  A) produce more of the labor intensive good and less of the capital intensive good.
  B) produce more of both goods.
  C) produce the same amount of both goods.
  D) produce less of the labor intensive good and more of the capital intensive good.



Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

TRUE

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

For a complete list of videos, visit our video library