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

Author Question: If a nation has a comparative disadvantage in the production of some commodity, a. it can gain from ... (Read 93 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
If a nation has a comparative disadvantage in the production of some commodity,
 a. it can gain from international trade in that commodity only if it has an absolute advantage in that commodity.
  b. it can still gain from international trade in that commodity, by getting it at a lower opportunity cost than if they produced it domestically.
  c. it cannot gain from international trade in the commodity.
 d. it cannot gain from international trade unless it has an absolute advantage in every other commodity.

Question 2

Which of the following statements is correct?
 a. The ideal solution to a pollution problem is to reduce pollution until it is technologically impossible to reduce it any further.
  b. The ideal and fair solution to a pollution problem is to impose identical compliance standards on all polluting firms.
  c. Charging firms for transferable emissions permits is a more efficient way of dealing with pollution than are compliance standards.
  d. A per-unit pollution tax is a more efficient way of dealing with pollution than is a system of transferable emissions permits.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mohan

  • Sr. Member
  • ****
  • Posts: 362
Answer to Question 1

b

Answer to Question 2

c





 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

For a complete list of videos, visit our video library