Qualification > Commerce
need help in economics AS question
master786:
bcozcountry P can produce only 1000 while Q produces 1500 ...
twilight:
thanksssssss :D
astarmathsandphysics:
--- Quote from: twilight on April 25, 2009, 02:12:10 pm ---hi .. can anyone please help me with this question ..
its an MCQ .. why is the answer C not A ? i get confused in the comparitive and absolute advantage part :-[
i've attached the question ..
thx in advance .. ;)
--- End quote ---
People in Q can produce 50% more of good Y than people in P but only 25% more of good Z. Q has an absolute adantage in both product but it's advantage is less for good z, so this is p's comparative advantage.
twilight:
ahaaaa .. its much clear now .. yaaaayyyyy ;D
wowwww...... thanks loads astarmathsandphysics.. i like the way u did it .. i'll use it to solve the MCQs that came in this chapter.. ;)
twilight:
hi evry1 .. ;)
i have a question about exchange rates .. i'm confused .. i've attached the part of the question .. but if u need to get a look at the whole question here's the link http://www.freeexampapers.com/FreeExamPapers.com_.php?__lo=QSBMZXZlbC9FY29ub21pY3MvQ0lFLzIwMDcgTm92Lzk3MDhfdzA3X3FwXzIucGRm
when we say that the exchange rate of US$/euro increased .. doesn't this mean that the US$ becomes stronger with respect to the euro, and the euro becomes weaker with respect to the US$ ??!! ???
thats what i think ..
but in this paper the upward arrow shows that the euro becomes stronger and the US$ weaker .. why is it this way??can sum1 please explain
thanks.. :)
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