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

Author Question: In a two good, two-country world, a country has a comparative advantage in any good for which it has ... (Read 90 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
In a two good, two-country world, a country has a comparative advantage in any good for which it has a:
 a. lower absolute cost than the other country.
  b. lower opportunity cost than the other country.
  c. higher absolute cost than the other country.
  d. higher opportunity cost than the other country.

Question 2

Prior to the Great Depression, classical economists believed that a recessionary downturn would be reversed by:
 a. higher wages and prices.
  b. lower wages and prices.
  c. an expansionary monetary policy on the part of the Federal Reserve System.
  d. an increase in government spending that would stimulate aggregate demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

6ana001

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


sdfghj

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
:D TYSM

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Chloroplasts Feed the World Chloroplasts Feed the World
The mandrill (Mandrillus sphinx) is a primate of the Old World monkey (Cercopithecidae) family,[3] c The mandrill (Mandrillus sphinx) is a primate of the Old World monkey (Cercopithecidae) family,[3] c
Map of the World's Religions Map of the World's Religions
World Climates—An Overview World Climates—An Overview
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
World Population, 10,000 B.C. to A.D. 2010 World Population, 10,000 B.C. to A.D. 2010
Video: Calvin cycle (The light-independent reactions )

For a complete list of videos, visit our video library