Multiple Choice
The expansion of world output as a result of trade is mainly due to the effects of
A) Higher trade barriers.
B) Improved terms of trade.
C) Specialization according to comparative advantage.
D) Specialization according to absolute advantage.
Correct Answer:
Verified
Correct Answer:
Verified
Q98: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q99: Without trade,a country's consumption possibilities are<br>A)Limited to
Q100: With regard to international trade,<br>A)The production possibilities
Q101: Based on export ratios,which of the following
Q102: A tax imposed on imported goods is<br>A)A
Q104: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q105: From a consumer's viewpoint,which of the following
Q106: A country can consume outside its production
Q107: The purpose of the World Trade Organization
Q108: Increased opportunities for trade increase production by<br>A)Protecting