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Author Question: The deteriorating-terms-of-trade-argument is based on an assumption that the value of ____ will fall ... (Read 70 times)

jerry coleman

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on: Jun 30, 2018
The deteriorating-terms-of-trade-argument is based on an assumption that the value of ____ will fall over time.
 a. labor inputs
  b. capital inputs
  c. technology
  d. manufactured goods
  e. primary products

Question 2

A tax would not impose a welfare cost only if:
 a. the quantity exchanged did not change as a result.
  b. supply was perfectly elastic.
 c. supply was unit elastic.
 d. the demand curve was perfectly elastic.


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Eunice618

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

e

Answer to Question 2

a


jerry coleman

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
Excellent

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