International trade arises from A) absolute advantage. B) ...

[Themember4]

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.

[shaikhs]

Answer to Question 1

B

Answer to Question 2

A

[Themember4]

Excellent

[triiciiaa]

Thanks for the timely response, appreciate it