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 91 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?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

For a complete list of videos, visit our video library