« previous next »

Author Question: Specialization according to comparative advantage, followed by trade, allows everyone to acquire ... (Read 93 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
Specialization according to comparative advantage, followed by trade, allows everyone to acquire more of the goods they want.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Prices communicate information about relative availability of products. For example, a decrease in the price of corn signals to consumers and producers that:
 a. consumers are buying more corn than before.
 b. corn is relatively more abundant than before.
 c. corn is relatively less abundant than before.
 d. consumers are stocking up on corn because of the predictions of a cold winter.


Jbrasil

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

American Foreign Trade, 1790–1812 American Foreign Trade, 1790–1812
New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f
Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site. Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site.
Comparative substrate cycles in glycolysis/gluconeogenesis Comparative substrate cycles in glycolysis/gluconeogenesis
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library