Ecn361 topic 1 - Study guides, Class notes & Summaries

Topic 1 DQ 2: Explain the difference between absolute advantage and comparative advantage. Which is more important in determining trade patterns, absolute advantage or comparative advantage? Why?

ECN 361 Topic 6 DQ 1 Participation & Responses

ECN 361 Topic 1 DQ 1

1. Question: While pollution regulations yield the benefit of a cleaner environment and the improved health that comes with it, the regulations come at the cost of reducing the incomes of the regulated firms' owners, workers, and customers. This statement illustrates the principle that 2. Question: Which of the following is an example of a normative, as opposed a to positive, statement? 3. Question: Refer to Table 2-2 .What is the opportunity cost to Footville of increasing the production of ...

ECN 361 Topic 1 DQ 2

ECN 361 Topic 5 DQ 1 Participation & Responses

ECN 361 Topic 5 DQ 1 Participation & Responses

ECN 361 Topic 1 DQ 1

ECN 361 Topic 6 DQ 1 Participation & Responses

ECN 361 Topic 8 DQ 1 Participation & Responses