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 82 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
:D TYSM

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Drake - Hold On Were Going Home Drake - Hold On Were Going Home
The fuel system should hold pressure if the system is leak free. The fuel system should hold pressure if the system is leak free.
Different ANA staining patterns and related autoimmune diseases. (a) Homogeneous staining, (b) ... Different ANA staining patterns and related autoimmune diseases. (a) Homogeneous staining, (b) ...
Traction neck with head in neutral position. With recipient’s face directly up, hold head at ... Traction neck with head in neutral position. With recipient’s face directly up, hold head at ...
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library