Multiple Choice
Imports arise because:
A) the importing country can produce the good more cheaply than the exporting country
B) the exporting country can produce the good at a higher cost than the importing country
C) the importing country can produce the good at an equal cost to the exporting country
D) the exporting country can produce the good more cheaply than the importing country
Correct Answer:
Verified
Correct Answer:
Verified
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
Q116: Graph 3-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-1
Q117: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q119: Graph 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-2
Q120: The principle of comparative advantage was developed
Q121: Differences in opportunity cost and comparative advantage
Q122: Table 3-3<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q123: Table 3-1<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text