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 99 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
Great answer, keep it coming :)

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Male individuals of the banded Uromastyx, Uromastyx flavofasciata, are different colours. Most natur Male individuals of the banded Uromastyx, Uromastyx flavofasciata, are different colours. Most natur
Female individuals of the banded Uromastyx, Uromastyx flavofasciata, are different colours. Most nat Female individuals of the banded Uromastyx, Uromastyx flavofasciata, are different colours. Most nat
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
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Competitive firms and maximization Competitive firms and maximization
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library