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Author Question: In order to achieve the maximum gains from trade, people should specialize according to A) ... (Read 42 times)

WWatsford

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on: Jun 29, 2018
In order to achieve the maximum gains from trade, people should specialize according to
 
  A) property rights.
  B) PPF.
  C) absolute advantage.
  D) comparative advantage.

Question 2

In the figure above, Gap's economic ________ is ________.
 
  A) loss; 8,000
  B) loss; 13,000
  C) profit; 7,200
  D) profit; 13,000


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wergv

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

D

Answer to Question 2

A


WWatsford

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

cam1229

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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