The idea of comparative advantage implies that people or ...

[haleyc112]

The idea of comparative advantage implies that people or countries
 
  A) should specialize in the production of goods.
  B) can gain from trading.
  C) can consume at a point outside their production possibilities frontier.
  D) all of the above.

Question 2

A buyer is willing to buy 10 units of a good at a maximum price of 10 per unit. The reservation value of the buyer in this case is:
 
  A) 1.
  B) 10.
  C) 20.
  D) 100.

[dantucker]

Answer to Question 1

D

Answer to Question 2

B

[haleyc112]

Excellent

[amcvicar]

TYSM