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Author Question: Between two countries, comparative advantage is found by comparing the: a. relative costs of ... (Read 64 times)

Cooldude101

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on: Jun 30, 2018
Between two countries, comparative advantage is found by comparing the:
 a. relative costs of production in each country.
  b. absolute costs of production in each country after accounting for inflation.
  c. labor hours required to produce a bundle of products in each country.
  d. level of interest rates in each country.
  e. shipping and transportation costs of each country.

Question 2

Which of the following is an example of moral hazard?
 a. There are likely more cars of low quality than of high quality offered for sale without warranties in the used car market.
  b. An individual who eats well and exercises regularly chooses not to purchase health insurance.
 c. An individual drives less cautiously after obtaining automobile insurance.
 d. A car salesman offers a full warranty on a used car for 90 days.


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dpost18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


Cooldude101

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Dominic

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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