Multiple Choice
Belarus has a comparative advantage in the production of linen and an absolute advantage in the production of beer,compared to Russia.If these two countries decide to trade,what would the pattern of trade be?
A) Belarus would export linen to Russia.
B) Russia would export linen to Belarus.
C) Belarus would export both beer and linen to Russia.
D) Russia would export both beer and linen to Belarus.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Suppose it takes a Chinese worker 2
Q57: Figure 3-5<br>These graphs illustrate the production possibilities
Q73: South Korea can produce shoes, clothes, TV
Q91: Differences in opportunity cost allow for gains
Q139: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q152: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q156: Suppose Alberta and British Columbia (BC)have the
Q163: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2183/.jpg" alt="Table 3-3
Q186: For two people who are planning to
Q188: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2