The welfare loss from monopoly is not really a loss to society as ...

[olgavictoria]

The welfare loss from monopoly is not really a loss to society as a whole, since it is just a transfer from consumers to producers.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

We know that industrial countries tend to trade with other industrial countries. This pattern counters the:
 a. preference theory of comparative advantage.
  b. factor abundance theory of comparative advantage.
  c. concept of intraindustry trade.
  d. product life cycle theory of comparative advantage.
  e. human skills theory of comparative advantage.

[vickybb89]

Answer to Question 1

False

Answer to Question 2

b

[olgavictoria]

YES! Correct, THANKS for helping me on my review

[scikid]

Thanks for the timely response, appreciate it