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

Author Question: If a country has absolute advantage in the production of all goods, then it will have no incentive ... (Read 49 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
If a country has absolute advantage in the production of all goods, then it will have no incentive to trade.
  Indicate whether the statement is true or false

Question 2

Which of the following reflects the correct relationship between average total cost (ATC) and marginal cost (MC)?
 a. When MC > ATC; ATC is falling.
  b. When ATC is minimum; ATC < MC.
  c. When MC < ATC; ATC is falling.
  d. When MC < ATC; ATC is constant.
  e. When ATC < MC; MC is falling.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

potomatos

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

F

Answer to Question 2

c





 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

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?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

For a complete list of videos, visit our video library