× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
leahtrevino leahtrevino
wrote...
Go to Answer
6 years ago
The oldest theory of comparative advantage is based on:
 a. factor abundance.
  b. productivity differences.
  c. product life cycles.
  d. preferences.
  e. human skills.

QUESTION 2

Entry barriers exist in a perfectly competitive industry.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 3

Which of the following is the most likely candidate for a decreasing-cost industry?
 a. airlines
 b. oil
 c. construction
  d. computers

QUESTION 4

The international equilibrium price is the point at which:
 a. the domestic supply curve of one country intersects the domestic demand curve of another.
  b. the domestic demand and supply curves of a country intersects each other.
  c. the export supply curve of one country intersects the import demand curve of another.
  d. the domestic demand of the trading partners become identical.
  e. the domestic supply of the trading partners become identical.

QUESTION 5

What is the income elasticity of demand for an inferior good?

QUESTION 6

Each firm under perfect competition charges different prices for its products.
 a. True
  b. False
  Indicate whether the statement is true or false
Read 49 times
1 Reply
Replies
Answer verified by a subject expert
L_I_AL_I_A
wrote...
#1
Posts: 361
Rep: 1 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

GeorgeNeist
wrote...

6 years ago
This helped my grade so much Perfect
momochiime
wrote...

Yesterday
this is exactly what I needed
julymontalvo
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  931 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 452
  
 625
  
 1072
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?