Comparative advantage indicates that: a. specialization and ...

[Alainaaa8]

Comparative advantage indicates that:
 a. specialization and exchange will cause trading partners to reduce their joint output.
  b. a nation can gain from trade even when it is at an absolute disadvantage in producing all goods.
  c. trade with low-wage countries will pull down the wages of workers in high-wage countries.
  d. all of these.

Question 2

Inflation psychosis and wage-price spirals are two types of hyperinflation.
 a. True
  b. False
  Indicate whether the statement is true or false

[shaquita]

Answer to Question 1

b

Answer to Question 2

True

[Alainaaa8]

Thanks for the timely response, appreciate it

[Jossy]

Excellent