Multiple Choice
According to international trade theory
A) every country has a comparative advantage in something.
B) comparative advantage is based on absolute advantage.
C) less developed countries cannot trade successfully with developed countries.
D) trade is based on absolute advantage.
Correct Answer:

Verified
Correct Answer:
Verified
Q136: On which of these commodities has the
Q137: Trade is restricted by all of these
Q138: (Table: Econoland and Macroland Annual Production Capacity
Q139: The national defense argument in favor of
Q140: Environmental protection typically improves when a country's
Q142: (Figure: Corn and Watches in the United
Q143: With no trade, the equilibrium price of
Q144: If Germany used all its resources to
Q145: A country with a comparative advantage in
Q146: The problem of increasing costs from specialization