Solve the Problem $y = \left( \frac { 1 } { 3 } \right) ^ { x }$

question 313

Multiple Choice

Solve the problem.
-Use the graph of $y = \left( \frac { 1 } { 3 } \right) ^ { x }$ to graph the function. Write the domain and range in interval notation.
$f ( x ) = - \left( \frac { 1 } { 3 } \right) ^ { x } + 2$

• A) Domain: \( (-\infty, \infty) \) Range: \( (-\infty,-2) \)
• B) Domain: \( (-\infty, \infty) \) Range: \( (2, \infty) \)
• C) Domain: \(( - \infty , \infty )\) Range: \(( - 2 , \infty )\)
• D) Domain: \(( - \infty , \infty )\) Range: \(( - \infty , 2 )\)

Identify how differences in opportunity costs between countries lead to mutual benefits from trade.

Understand the concept of terms of trade and its importance in international exchanges.

Recognize the impact of human and physical capital in determining a country's comparative advantage in certain industries.

Understand why countries might import and export the same type of goods because of the simple comparative advantage theory.

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