Multiple Choice
To gain from trade, a country should
A) always try to get a favorable tariff.
B) specialize in the commodity for which it has a comparative advantage.
C) always specialize in the commodity for which it has an absolute advantage.
D) trade only with its political allies.
Correct Answer:
Verified
Correct Answer:
Verified
Q60: Capital includes all of these EXCEPT<br>A) dollar
Q61: (Table) Based on the table <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8176/.jpg"
Q62: Which of these is NOT a factor
Q63: Economists refer to the payment toward land
Q64: The production possibilities frontier shows<br>A) that unattainable
Q66: "Absolute advantage" is defined as when goods
Q67: The way an economy allocates output to
Q68: In a _ economy, individuals and firms
Q69: Free trade is known as a _
Q70: _ is one of China's top five