Multiple Choice
Use the table below, which outlines the production possibilities of Qatar and Botswana in wine and wheat, to answer the following question. The law of comparative advantage suggests that
A) neither country would gain from trade, even if the costs for transporting the products were zero.
B) Qatar would not gain from trade because it has an absolute advantage in producing both goods.
C) both countries would gain if Botswana traded wine made in Botswana for Qatar's wheat.
D) both countries would gain if Botswana traded wheat grown in Botswana for Qatar's wine.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Which of the following is a partially
Q15: Each trading nation can gain by specializing
Q16: If the United States imposes an import
Q17: Figure 17-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 17-10
Q18: Economically speaking, tariffs are<br>A) a means to
Q20: International trade and competition from abroad<br>A) provide
Q21: Public choice theory indicates that tariffs, quotas,
Q22: Which of the following is correct?<br>A) An
Q23: Figure 17-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 17-10
Q24: In 1993 the negotiations over the North