Multiple Choice
Trade is likely to:
A) lead to self-sustaining countries
B) reduce the quantity of goods available in the economy
C) allow each country to do what they are better at, than other countries
D) lead to goods being produced at a lower quality
Correct Answer:
Verified
Correct Answer:
Verified
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
Q110: If capital in China is less productive
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
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
Q118: Imports arise because:<br>A)the importing country can produce