Multiple Choice
If capital in China is less productive than capital in Australia in agricultural production:
A) neither nation can benefit from trade
B) only China can benefit from trade in agricultural goods
C) only Australia can benefit from trade in agricultural goods
D) both nations can benefit from increased trade in agricultural goods
Correct Answer:

Verified
Correct Answer:
Verified
Q105: Keith is an Economics lecturer.He is extremely
Q106: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q107: Andy is the greatest ukulele player in
Q108: The principle of absolute advantage explains the
Q109: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q111: Table 3-1<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q112: Adam Smith:<br>A)was one of the first scholars
Q113: Trade is likely to:<br>A)lead to self-sustaining countries<br>B)reduce
Q114: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q115: Comparative advantage is based on:<br>A)capital costs<br>B)labour costs<br>C)dollar