Author Question: If the government required car makers to install more costly and effective emission control devices ... (Read 72 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
If the government required car makers to install more costly and effective emission control devices on cars, it will lead to:
 a. a higher price of cars and a larger quantity of cars sold.
  b. a higher price of cars and a smaller quantity of cars sold.
  c. a lower price of cars and a larger quantity of cars sold.
  d. a lower price of cars and a smaller quantity of cars sold.

Question 2

Karl can produce either 10 tons of oranges or 5 tons of apples in a year, while Adam can produce either 5 tons of oranges or 10 tons of apples. Which of the following is true?
 a. Adam has an absolute advantage in oranges and a comparative advantage in apples.
  b. Karl has an absolute advantage in oranges and a comparative advantage in oranges.
  c. Karl has an absolute advantage in both apples and oranges.
 d. Karl has an absolute advantage and a comparative advantage in apples.



SAUXC

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

b

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

For a complete list of videos, visit our video library