Multiple Choice
The ratio (in physical units) at which two countries trade goods is known as the
A) opportunity cost
B) marginal social cost
C) price to earnings ratio
D) comparative advantage ratio
E) terms of trade
Correct Answer:

Verified
Correct Answer:
Verified
Q32: International trade<br>A)reduces world output of goods and
Q33: Which of the following statements is true?<br>A)Exports
Q34: Strategic trade policy<br>A)argues for protecting certain industries
Q35: If all we know is that the
Q36: Differences in climate among nations<br>A)could lead to
Q38: In a Mexican factory,each worker can produce
Q39: If there are high transportation costs<br>A)the terms
Q40: Suppose the opportunity cost is a constant
Q41: When a nation begins to export a
Q42: The terms of trade<br>A)equal the equilibrium price