Multiple Choice
If there is trade, which of the following is most likely?
A) A country is worse off because it becomes dependent on other countries.
B) A country will produce a greater variety of goods and services to trade.
C) A country's consumption possibilities frontier can be outside its production possibilities frontier.
D) A country will experience a lower unemployment rate.
Correct Answer:

Verified
Correct Answer:
Verified
Q38: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to the
Q39: Trade is based on absolute advantage.
Q40: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-1
Q41: If it takes Canadian workers fewer hours
Q42: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q44: Figure 3-3<br>Ice cream and cones are measured
Q45: What is David Ricardo's contribution?<br>A) He wrote
Q46: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q47: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table
Q48: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-1