Refer to the table above. If countries were to trade along the lines of comparative advantage
A) B would export Y to A.
B) A would import X from A.
C) neither country would want to trade.
D) More information is needed to determine the pattern.
A
Economics
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Figure 4.4 illustrates the supply of tacos. A technological advancement which makes tacos cheaper to produce would most likely cause a movement from
A) point a to point c. B) point c to point a. C) S0 to S2. D) S2 to S0.
Economics
To produce more output in the short run, a firm must employ more of
A) all its resources. B) its fixed resources. C) its variable resources. D) the least costly resources regardless of whether they are fixed or variable. E) Firms cannot produce more output in the short run.
Economics