Multiple Choice
The writings of G.MacDougall emphasized which of the following as an explanation of a country's competitive position?
A) National income levels
B) Relative endowments of natural resources
C) Domestic tastes and preferences
D) Labor compensation and productivity levels
Correct Answer:

Verified
Correct Answer:
Verified
Q14: In Adam Smith's trade theory, _ is
Q61: A nation realizes maximum gains from trade
Q67: Assume that Canada has a comparative advantage
Q84: The Ricardian theory of comparative advantage could
Q143: Figure 2.2. Canadian Trade Possibilities<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7110/.jpg"
Q165: All of the following may be exit
Q171: Figure 2.1.Production Possibilities Schedule<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1889/.jpg" alt="Figure
Q172: A nation's trade triangle denotes its exports,
Q173: Given a two-country and two-product world,the United
Q174: Unlike Adam Smith,David Ricardo's trading principle emphasizes