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Author Question: Which of the statements about the gains from international trade is CORRECT? A) Everyone gains ... (Read 87 times)

nummyann

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on: Jun 29, 2018
Which of the statements about the gains from international trade is CORRECT?
 
  A) Everyone gains from international trade.
  B) Some people gain from international trade and some lose, though overall the gains exceed the losses.
  C) Some people gain from international trade and some lose; overall the gains exceed the losses.
  D) Everyone loses from international trade.

Question 2

The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink another
 
  A) his total utility will increase.
  B) the marginal utility from the 5th drink equals 30.
  C) the marginal utility from the 5th drinks equals 50.
  D) Both answers A and B are correct.


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parker125

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

B

Answer to Question 2

D


nummyann

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

raili21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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