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 35 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
YES! Correct, THANKS for helping me on my review

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

The fuel system should hold pressure if the system is leak free. The fuel system should hold pressure if the system is leak free.
A typical peak-and-hold fuel-injector waveform. Most fuel injectors that measure less than 6 ohms ... A typical peak-and-hold fuel-injector waveform. Most fuel injectors that measure less than 6 ohms ...
Warm wrist and hand. Palm down, hold the hand on the little finger and thumb sides, then gently ... Warm wrist and hand. Palm down, hold the hand on the little finger and thumb sides, then gently ...
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 ...
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
For toluene (shown below), you would expect to see which m/z fragment in the mass spectrum? For toluene (shown below), you would expect to see which m/z fragment in the mass spectrum?
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library