Multiple Choice
Which one of the following is not one of the dynamic gains from trade?
A) A country uses its resources less efficiently.
B) Firms in small countries can grow to the most efficient size.
C) It may increase the quality of the goods consumed.
D) Markets in a country may become more competitive.
E) negative externalities.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: The only reason why countries conduct international
Q14: based on the following information. A worker
Q15: If a country has an absolute advantage
Q16: To say that the U.S. possesses a
Q17: Adam Smith stated that trade was:<br>A) a
Q19: An economy without international trade is an
Q20: If Dutch labor can produce 3 soda
Q21: The Mercantilists advocated that each country should
Q22: The static gains from trade:<br>A) result in
Q23: To gain economic growth from specialization/trade, a