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Author Question: The more homogeneous goods are, the more we expect the law of one price to hold. Indicate whether ... (Read 90 times)

melly21297

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on: Jun 30, 2018
The more homogeneous goods are, the more we expect the law of one price to hold.
 
  Indicate whether the statement is true or false

Question 2

Refer to the table above. Country A has a comparative advantage in
 
  A) beer.
  B) wine.
  C) both beer and wine.
  D) neither beer nor wine.


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trog

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Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE
Explanation: It is expected to hold better for homogeneous goods.

Answer to Question 2

A


melly21297

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

31809pancho

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

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