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baileymeredith baileymeredith
wrote...
Posts: 477
5 years ago

Question 1.

Comparative advantage refers to the ability to produce goods at a lower opportunity cost, and therefore more efficiently, than a competitor.



▸ true

▸ false

Question 2.

If the demand for cigarettes is more ________ for underage smokers as compared to that of adult smokers, then compared to adults, a tax on cigarettes would have ________ impact on the demand for cigarettes for teenagers.



▸ elastic; more

▸ elastic; less

▸ inelastic; more

▸ inelastic; an equal
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 75 times
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Answer verified by a subject expert
jeromet1jeromet1
wrote...
Posts: 386
5 years ago
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wrote...
5 years ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
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