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Sergeeva-Olga [200]
3 years ago
10

Which of the following is an accurate statement regarding international trade? A. Sometimes, one nation has an absolute advantag

e in producing a lot of things, while other nations don't have an absolute advantage in producing anything. In this case, the nation without absolute advantage does not produce goods or services. B. Having absolute advantage doesn't mean one nation will produce everything while other nations do not. Nations determine what they have the comparative advantage in, and produce that. C. Nations always produce what they have the absolute advantage in. D. Nations never produce what they have the comparative advantage in.
Business
1 answer:
ser-zykov [4K]3 years ago
4 0

Answer: I think the answer is B

Explanation:

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EleoNora [17]

Answer:

the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.

Explanation:

the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.

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5 0
2 years ago
A. True
ankoles [38]
What is the original statement?

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3 years ago
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3 years ago
Which of the following scenarios would indicate that a nation's economy is entering the recovery phase of the business cycle?
tensa zangetsu [6.8K]

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3 0
3 years ago
b. Now suppose instead that housing credits are withdrawn gradually at a rate of $500 for each $1,000 that someone is earning ab
zavuch27 [327]

Answer: $0

Explanation:

Layla qualifies for $8,000 in housing credits.

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= $0

5 0
3 years ago
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