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 88 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?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

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

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

For a complete list of videos, visit our video library