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Author Question: Fill in the blank. A(n) ________ market requires perfect and complete information among all ... (Read 79 times)

Yi-Chen

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on: Jun 29, 2018
Fill in the blank. A(n) ________ market requires perfect and complete information among all participants.
 
  A) monopolized
  B) oligopolized
  C) perfectly competitive
  D) effective

Question 2

A person who has an absolute advantage in the production of all goods will
 
  A) also have a comparative advantage in the production of all goods.
  B) not be able to gain from specialization and exchange.
  C) have a production possibilities frontier with a constant slope.
  D) have a comparative advantage in the production of some goods but not in the production of others.


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Amiracle

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

C

Answer to Question 2

D


Yi-Chen

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

mcabuhat

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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