Multiple Choice
Which of the following statements is TRUE?
A) Free trade is beneficial only if both countries have access to the same technology.
B) Free trade can be beneficial to the economic welfare of all countries involved.
C) Free trade is beneficial only if your competitor does not pay unreasonably low wages.
D) Free trade is beneficial only if your country is strong enough to stand up to foreign competition.
E) Free trade is never beneficial for developing countries.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Assume that labor is the only factor
Q3: If labor productivities were exactly proportional to
Q4: Which of the following has been confirmed
Q5: Which of the following is most likely
Q6: A country engaging in trade according to
Q7: The earliest statement of the principle of
Q8: In order to know whether a country
Q9: According to Ricardo,a country will have a
Q10: The growth of clothing exports originating in
Q11: We know that in antiquity,China exported silk