This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: International trade arises from A) absolute advantage. B) comparative advantage. C) importation ... (Read 186 times)

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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
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
Thanks for the timely response, appreciate it

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o
Region’s Culture in International Context Region’s Culture in International Context
Region’s Culture in International Context Region’s Culture in International Context
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Absolute Stability Absolute Stability
Comparative Morphology Comparative Morphology
Video: Fermentation pathways

For a complete list of videos, visit our video library