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Author Question: Specialization and trade benefits all participants only if: a. They specialize in those things they ... (Read 18 times)

haleyc112

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on: Jun 30, 2018
Specialization and trade benefits all participants only if:
 a. They specialize in those things they have both a comparative and absolute advantage in.
 b. They specialize in those things they have a comparative advantage in, even if they have an absolute disadvantage.
  c. They specialize in those things they have an absolute advantage in, even if they have a comparative disadvantage.
  d. Traders have the same opportunity cost of production

Question 2

The ____ shows roughly how long it will take a nation to double its output at various growth rates.
 a. rule of rapid growth
  b. rule of 70
 c. rule of 1950
 d. duopoly rule


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Christopher

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

b

Answer to Question 2

b


haleyc112

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

JaynaD87

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Reply 3 on: Yesterday
Excellent

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