With no international trade, the U.S. price of wheat is lower ...

[gbarreiro]

With no international trade, the U.S. price of wheat is lower than the world price of wheat.
 
  This indicates that the United States ________ a comparative advantage in the production of wheat and with international trade, the United States will ________ wheat. A) has; export
  B) has; not trade
  C) has; import
  D) does not have; export
  E) might have; export

Question 2

Refer to the scenario above. Suppose you decide to buy a Toyota Corolla. You value the car for 10,000. You don't know it, but the car dealer values it for 8,500.
 
  If you have a zero value for poor-quality cars, what is the most that would you be willing to pay for the car? A) 3,000.50
  B) 6,666.67
  C) 10,000
  D) 5,000

[lucas dlamini]

Answer to Question 1

A

Answer to Question 2

B

[gbarreiro]

TYSM

[mjenn52]

Excellent