Multiple Choice
Differences in tastes among nations
A) make gains from trade possible even in the absence of differences in resource endowments
B) make gains from trade possible only when there are differences in resource endowments
C) negate any potential gains from trade
D) are caused by differences in resource endowments
E) occur only among countries whose people are of different religions
Correct Answer:

Verified
Correct Answer:
Verified
Q47: Exhibit 19-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-6
Q48: Which of the following is not true
Q49: International trade does all the following except<br>A)allow
Q50: Exhibit 19-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-9
Q51: Dumping refers to selling a commodity abroad
Q53: The two main categories of U.S.exports are<br>A)transportation
Q54: Japan is generally considered an economy closed
Q55: One reason for international specialization in production
Q56: One reason for international specialization in production
Q57: Exhibit 19-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-5