This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Specialization and trade do not allow individuals, firms, or even nations to acquire goods that lie ... (Read 82 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jun 30, 2018
Specialization and trade do not allow individuals, firms, or even nations to acquire goods that lie beyond their production capabilities.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If race-car driving is dangerous, why would any rational person choose to be a race-car driver?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

DHRUVSHAH

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

A rational person might choose to drive race cars if, after assessing the potential dangers, he or she believes the expected marginal benefit from racing outweighs the expected marginal cost.


jazziefee

  • Member
  • Posts: 505
Reply 2 on: Jun 30, 2018
:D TYSM

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

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

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Vertebral compression Fractures of the spine (vertebra) can cause severe ”band-like” pain that radia Vertebral compression Fractures of the spine (vertebra) can cause severe ”band-like” pain that radia
A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Competitive firms and maximization Competitive firms and maximization
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library