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

Author Question: Though the countries can benefit by completely specializing in the production of the good in which ... (Read 52 times)

bclement10

  • Hero Member
  • *****
  • Posts: 560
Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Imposing a quota on metal softball bats shipped into the United States would likely:
 a. increase the price of the bats but decrease the total quantity of bats purchased in the United States.
  b. increase the price of the bats and the total quantity of bats purchased in the United States.
 c. leave the price of the bats unchanged but decrease the quantity purchased in the United States.
  d. leave both the price of bats and the quantity purchased in the United States unchanged.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Answer to Question 1

True

Answer to Question 2

a




bclement10

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

For a complete list of videos, visit our video library