Multiple Choice
The principle of comparative advantage suggests that if nations devote more of their resources to the production of those goods that they produce most efficiently, then all trading nations
A) must pay tariffs.
B) benefit.
C) lose profits.
D) none of these
Correct Answer:

Verified
Correct Answer:
Verified
Q27: Most U. S. government spending goes into
Q28: A _ involves the purchase of enough
Q29: Inflation refers to a rising price level
Q30: NAFTA envisioned _ on products from Mexico,
Q31: The _ consists of the decisions of
Q33: Today, almost one-quarter of the world's total
Q34: The labor market largely determines where people
Q35: The capital market refers to money made
Q36: Some economic activities escape measurement in the
Q37: Ideal conditions for a market operation include