Multiple Choice
International trade is driven by ________.
A) absolute advantage in the consumption of goods and services
B) absolute advantage in the production of goods and services
C) comparative advantage in the production of goods and services
D) comparative advantage in the consumption of goods and services
Correct Answer:
Verified
Correct Answer:
Verified
Q102: Technology transfer is always the main goal
Q103: Scenario: Consider two economies, Beta and Zeta.
Q104: A current account surplus occurs when a
Q105: Montesia specializes in the production of heavy
Q106: Everything else equal,if a country has exports
Q108: The table below shows the GDP per
Q109: What are the gains from specialization?
Q110: A country imported goods and services worth
Q111: Scenario: Mark can make three tables and
Q112: Scenario: Consider two economies, Beta and Zeta.