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Author Question: International trade arises from A) absolute advantage. B) comparative advantage. C) importation ... (Read 56 times)

Themember4

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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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shaikhs

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Themember4

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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