Solved

Which of the Following Does Not Contribute to a Basis

Question 14

Multiple Choice

Which of the following does not contribute to a basis for trade between two countries?


A) different tastes and preferences
B) different technologies
C) different relative factor endowments
D) different absolute factor endowments, but the same relative endowments

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: In the equilibrium trading position in a

Q10: (a) Suppose that two countries have identical

Q11: Given the following diagram showing a fixed-quantity

Q12: In the neoclassical (or modern) theory, two

Q13: If a country's P<sub>X</sub>/P<sub>Y</sub> in autarky is

Q15: Given the production-possibilities-frontier/community-indifference-curve diagram below,Where P is

Q16: In the diagram in Question #16 above,

Q17: "In a situation of increasing opportunity costs,

Q18: If country A's (P<sub>X</sub>/P<sub>Y</sub>) in autarky is

Q19: If a country's P<sub>X</sub>/P<sub>Y</sub> in autarky is