Author Question: Comparative advantage implies that a country will A) import those goods in which the country has ... (Read 144 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
Comparative advantage implies that a country will
 
  A) import those goods in which the country has a comparative advantage.
  B) export those goods in which the country has a comparative advantage.
  C) find it difficult to conclude free trade agreements with other nations.
  D) export goods produced by domestic industries with low wages relative to its trading partners.

Question 2

If the quantity demanded changes by an infinitely large amount for a given change in price, then demand is
 
  A) perfectly inelastic.
  B) perfectly elastic.
  C) elastic.
  D) inelastic.



macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

For a complete list of videos, visit our video library