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Author Question: Comparative advantage implies that a country will A) import those goods in which the country has ... (Read 202 times)

folubunmi

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on: Jun 29, 2018
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

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

B

Answer to Question 2

B


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