This topic contains a solution. Click here to go to the answer

Author Question: Explain the relationship between relative prices and the slope of a country's production ... (Read 117 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
Explain the relationship between relative prices and the slope of a country's production possibilities frontier.
 
  What will be an ideal response?

Question 2

What agreement has been reached to reduce the moral hazard problem and what does it require?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

atrochim

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

Under perfect competition, the two slopes will be equal. This insures that production occurs at the point where price equals marginal cost.

Answer to Question 2

The Basel Capital Accord, which sets capital requirements, requirements for supervisory review, and for requirements for information disclosure.



Bernana

  • Hero Member
  • *****
  • Posts: 530

atrochim

  • Sr. Member
  • ****
  • Posts: 331

 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

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

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

For a complete list of videos, visit our video library