The deteriorating-terms-of-trade-argument is based on an ...

[jerry coleman]

The deteriorating-terms-of-trade-argument is based on an assumption that the value of ____ will fall over time.
 a. labor inputs
  b. capital inputs
  c. technology
  d. manufactured goods
  e. primary products

Question 2

A tax would not impose a welfare cost only if:
 a. the quantity exchanged did not change as a result.
  b. supply was perfectly elastic.
 c. supply was unit elastic.
 d. the demand curve was perfectly elastic.

[Eunice618]

Answer to Question 1

e

Answer to Question 2

a

[jerry coleman]

Thanks for the timely response, appreciate it

[Dominic]

Gracias!