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

Author Question: The more homogeneous goods are, the more we expect the law of one price to hold. Indicate whether ... (Read 86 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
The more homogeneous goods are, the more we expect the law of one price to hold.
 
  Indicate whether the statement is true or false

Question 2

Refer to the table above. Country A has a comparative advantage in
 
  A) beer.
  B) wine.
  C) both beer and wine.
  D) neither beer nor wine.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

trog

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE
Explanation: It is expected to hold better for homogeneous goods.

Answer to Question 2

A


melly21297

  • Member
  • Posts: 565
Reply 2 on: Jun 30, 2018
Gracias!

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
When young infants hold objects for a long period of time they eventually become habituated to them. When young infants hold objects for a long period of time they eventually become habituated to them.
The cradle hold. The cradle hold.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Apply thumb strokes on foot bottom and toes. Hold the baby’s foot bottom-up and use thumbs to ... Apply thumb strokes on foot bottom and toes. Hold the baby’s foot bottom-up and use thumbs to ...
How much water does the amniotic sac hold? How much water does the amniotic sac hold?
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library