O 1:51:03 Questions altempled 2/38 ATION Sobh iple Choice Questions 13 of 38 The burden of a tax and the benefit of a subsidy falls mainly on consumers: OA if the ratio of the price elasticity of demand to the price elasticity of supply is small. OB if the ratio of the price elasticity of demand to the price elasticity of supply is large. Oc if demand is inelastic. 20 Unsure OD if the quantity demanded is relatively large in the consumer's basket 25 12 13 15 Next page 29 30 Previous page 11 435 Questions 因因 D Tools Questions attompted 2/38 ATION Sobh 0% ople Choice Questions 14 of 38 Before WWI OA labour mobility was greater than today because passport controls or visas were rarely used O B. labour mobility was lower than today because transportation was more expensive. OC capital flows were inexistent due to the lack of a technological infrastructure and investment opportunities OD international trade was almost inexistent because of trade barriers. Unsure Previous page 12 14 15 16 Next page Calculated Questions 38 ey pt

O 1:51:03 Questions altempled 2/38 ATION Sobh iple Choice Questions 13 of 38 The burden of a tax and the benefit of a subsidy falls mainly on consumers: OA if the ratio of the price elasticity of demand to the price elasticity of supply is small. OB if the ratio of the price elasticity of demand to the price elasticity of supply is large. Oc if demand is inelastic. 20 Unsure OD if the quantity demanded is relatively large in the consumer's basket 25 12 13 15 Next page 29 30 Previous page 11 435 Questions 因因 D Tools Questions attompted 2/38 ATION Sobh 0% ople Choice Questions 14 of 38 Before WWI OA labour mobility was greater than today because passport controls or visas were rarely used O B. labour mobility was lower than today because transportation was more expensive. OC capital flows were inexistent due to the lack of a technological infrastructure and investment opportunities OD international trade was almost inexistent because of trade barriers. Unsure Previous page 12 14 15 16 Next page Calculated Questions 38 ey pt

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter18: International Trade And Comparative Advantage

Section: Chapter Questions

Problem 2TY

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