Multiple Choice
Adam Smith:
A) was one of the first scholars to write about the principle of comparative advantage
B) wrote in the 18th century about the benefits available from trade
C) inspired David Ricardo
D) all of the above are true
Correct Answer:
Verified
Correct Answer:
Verified
Q107: Andy is the greatest ukulele player in
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
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