[Answered] International trade arises from A) absolute advantage. B) comparative advantage. C) importation ...

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Themember4

Hero Member
Posts: 538

on: Jun 29, 2018

International trade arises from

A) absolute advantage.
B) comparative advantage.
C) importation duties.
D) the advantage of execution.

Question 2

If the price elasticity of demand for peanut butter is 2.4, then peanut butter

A) has an elastic demand.
B) has an inelastic demand.
C) has a unit elastic demand.
D) is a normal good.

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Marked as best answer by a Subject Expert

shaikhs

Sr. Member
Posts: 312

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

A

Themember4

Member
Posts: 538

Reply 2 on: Jun 29, 2018

Wow, this really help

dyrone

Member
Posts: 322

Reply 3 on: Yesterday

Gracias!

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