Multiple Choice
In the trade between a small and a large nation:
A) the large nation is likely to receive all of the gains from trade
B) the small nation is likely to receive all of the gains from trade
C) the gains from trade are likely to be equally shared
D) we cannot say
Correct Answer:
Verified
Correct Answer:
Verified
Q1: If domestically 3X=3Y in nation A,while 1X=1Y
Q3: Which of the following statements is true?<br>A)The
Q4: If with one hour of labor time
Q5: According to Adam Smith,international trade was based
Q6: If in a two-nation (A and B),two-commodity
Q7: With reference to the statement in Question
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Q9: What proportion of international trade is based
Q10: The commodity in which the nation has
Q11: Ricardo explained the law of comparative advantage