The supply curve for land in the city of San Francisco is most likely
A) horizontal or perfectly elastic.
B) a downward sloping straight line.
C) an upward sloping straight line.
D) vertical or perfectly inelastic.
Answer: D
Economics
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Suppose that Germany, France, Estonia, and India all have the same production possibilities, illustrated in the figure above. Based on the production points in the figure, Germany is most likely to expand its PPF to
A) PPF3 or PPF2. B) PPF3. C) PPF1. D) PPF1. or PPF2. E) PPF2.
Economics
Briefly explain how specialization and trade can benefit nations
What will be an ideal response?
Economics