Multiple Choice
Table 3-3
-Refer to Table 3-3.If the US and Europe trade according to the principle of comparative advantage:
A) the US will export cars and Europe will export aeroplanes
B) the US will export aeroplanes and Europe will export cars
C) the US will export cars and Europe will export cars
D) the US will export aeroplanes and Europe will export aeroplanes
Correct Answer:

Verified
Correct Answer:
Verified
Q38: A constant trade-off in the production of
Q39: Spain can produce everything more cheaply than
Q40: Table 3-3<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q41: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q42: Graph 3-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 3-1
Q44: The conclusions of Adam Smith and David
Q45: Table 3-1<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q46: Table 3-4<br> <span class="ql-formula" data-value="\begin{array}{|l|c|c|c|c|}\hline&\text
Q47: If it takes Australian workers fewer hours
Q48: Absolute advantage is found by:<br>A)comparing opportunity costs<br>B)calculating