Prior to international trade, the price of good X is lower in country A than in country B. This means that we know that
A) country B has an absolute advantage in the production of product X.
B) country B has a comparative advantage in the production of product X.
C) country A has an absolute advantage in the production of product X.
D) country A has a comparative advantage in the production of product X.
D
Economics
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In a(n) ________ market, dealers in different locations buy and sell securities to anyone who comes to them and is willing to accept their prices
A) exchange B) over-the-counter C) common D) barter
Economics
In the figure above, what is demand elasticity over the price range $40 to $60?
A. -1.00 B. -0.50 C. -0.71 D. -0.95 E. -2.00
Economics