First movers are also product innovators

If the price of salmon increases relative to the price of cod, the demand for:

A) cod will decrease. B) cod will increase. C) salmon will decrease. D) salmon will increase.

Suppose Brazil has an absolute advantage over other countries in producing almonds, but other countries have a comparative advantage over Brazil in producing almonds. If trade in almonds is allowed, Brazil

a. will import almonds. b. will export almonds. c. will either import almonds or export almonds, but it is not clear from the given information. d. would have nothing to gain either from exporting or importing almonds.