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

Author Question: If the production of a sofa requires the purchase of 3 types of inputs and the production of a harp ... (Read 126 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
If the production of a sofa requires the purchase of 3 types of inputs and the production of a harp requires the purchase of 30 types of inputs,
 a. the harp-producing firm will buy the sofa-producing firm
  b. the sofa-producing firm will buy the harp-producing firm
  c. harp production is more likely to be done by firms than sofa production is
  d. sofa production is more likely to be done by firms than harp production is
  e. both harp and sofa production will always be done by firms because there is more than one input involved in each

Question 2

Which of the following is true?
 a. If the Australian dollar depreciates, the Australian trade deficit decreases, since Australian products become cheaper to foreigners.
  b. If the Australian dollar depreciates, the Australian trade deficit decreases, since Australian products become more expensive to foreigners.
  c. If the Australian dollar depreciates, the Australian trade deficit increases, since Australian products become more expensive to foreigners.
  d. If the Australian dollar appreciates, the Australian trade deficit decreases, since Australian products become cheaper to foreigners.
  e. If the Australian dollar appreciates, the Australian trade deficit decreases, since Australian products become more expensive to foreigners.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

C

Answer to Question 2

A





 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

For a complete list of videos, visit our video library