Question

CAN SOMEONE PLEASE CHECK MY WORK!?!?! @thesmartone @luigi0210 @jamierox4ev3r

Answer 1

thank you so much! @Luigi0210

Answer 2

I'll post the questions for u to check

Answer 3

Two countries produce milk and dairy products efficiently. Neither has an absolute advantage. However, Country A exports milk to Country B, and Country A imports cotton from Country B. Which of the following is inferred?

The opportunity cost of producing milk is lower for Country A.<---- MY ANSWER
The opportunity cost of producing cotton is higher for Country B.
Country A has a natural resource advantage in cotton.
Country B has a natural resource advantage in milk.

Answer 4

U.S. companies have made fewer manufacturing contracts with China in the last few years, preferring other countries in the region. Which of the following is a potential reason?

China has most-favored-nation trade status with the United States.
China has large reserves of cheap labor and can produce inexpensive goods.
China's standard of living has increased, and workers are requesting more pay.<---- MY ANSWER
Shipping costs from China over the Pacific Ocean have decreased.

Answer 5

Which of these is a sign of inflation?

A negative number for the Consumer Price Index shows prices are falling.
A negative number for the Consumer Price Index shows prices are rising.
A positive number for the Consumer Price Index shows prices are falling.
A positive number for the Consumer Price Index shows prices are rising.<--- MY ANSWER

Answer 6

Which of the following describes a developing nation?

A market economy with a high per capita income
A market economy with a trillion-dollar gross domestic product
A mixed economy with a very high Human Development Index
A traditional economy with a low Human Development Index<----- MY ANSWER

Answer 7

If the inflation rate increases faster than their income, people will most likely

use a higher proportion of their incomes on basic needs<--- MY ANSWER
spend a lower proportion of their incomes on basic needs
get more goods and services for less money
obtain less goods and services for less money
@luigi0210

Answer 8

Yup, they seem right to me

Answer 9

thank you so much! can u keep an eye out please for more questions? @Luigi0210