This topic contains a solution. Click here to go to the answer

Author Question: If the perfectly competitive wiffle ball industry is bearing economic losses, we would expect that: ... (Read 80 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
If the perfectly competitive wiffle ball industry is bearing economic losses, we would expect that:
 a. output will increase, the price of wiffle balls will rise, and the economic losses would tend to disappear.
  b. output will decrease, the price of wiffle balls will fall, and the economic losses would tend to increase.
  c. output will decrease, the price of wiffle balls will rise, and the economic losses would tend to disappear.
  d. output will increase, the price of wiffle balls will fall, and the economic losses would tend to disappear.

Question 2

A tradesman who purchases diamonds in a country where the price is low and sells them in another country where the price is high, can be said to be practicing:
 a. arbitrage.
  b. speculation.
  c. derivatives trading.
  d. forecasting.



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
Answer to Question 1

c

Answer to Question 2

A




JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jun 30, 2018
:D TYSM


Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

For a complete list of videos, visit our video library