Multiple Choice
Consider the information below for Namibia and Malaysia.
Namibian labor: 16 baskets/day or 4 lamps/day
Malaysian labor 20 baskets/day or 8 lamps/day
-Which of the following is a viable world price for one lamp?
A) 1.75 baskets
B) 2.10 baskets
C) 3.85 baskets
D) 4.25 baskets
E) 4.50 baskets
Correct Answer:

Verified
Correct Answer:
Verified
Q42: Which of the following is not one
Q43: _ has a comparative advantage in the
Q44: If a country has an absolute advantage
Q45: The only difference between domestic trade and
Q46: If a country has a(n) _ advantage
Q48: Abstraction is something that only occurs in
Q49: Suppose that the U.S. imports cloth from
Q50: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBR1067/.jpg" alt=" -Which of the
Q51: International trade occurs for very different reasons
Q52: The theory that suggests that a country's