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Author Question: Comparative advantage indicates that: a. specialization and exchange will cause trading partners to ... (Read 50 times)

Alainaaa8

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on: Jun 30, 2018
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


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shaquita

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

b

Answer to Question 2

True


Alainaaa8

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Reply 2 on: Jun 30, 2018
Gracias!

nyrave

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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