Multiple Choice
Sloimekia is able to produce more of a particular variety of cloth than its neighboring countries. Sloimekia and its neighboring countries have the same amount of resources for producing this particular cloth. In this case, which of the following is definitely true of Sloimekia?
A) Sloimekia has a higher trade surplus than its neighboring countries.
B) Sloimekia enjoys an absolute advantage in producing this particular cloth.
C) Sloimekia enjoys the highest balance of trade among its neighboring countries.
D) Sloimekia has a lower balance of payments and a lower trade deficit.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Describe the tools used for measuring a
Q23: Describe foreign licensing and foreign franchising. What
Q24: Who among the following is most likely
Q25: A disadvantage of foreign outsourcing is higher
Q26: Identify a true statement about the World
Q28: The International Monetary Fund (IMF)exists to promote
Q29: Identify a true statement about exporting.<br>A)It is
Q30: Balance of payments includes foreign borrowing and
Q31: Which of the following is a disadvantage
Q32: Companies typically engage in _ to meet