Multiple Choice
Which one of the following is FALSE?
A) The end result of trade is that richer countries take advantage of poorer ones.
B) Trade of goods facilitates the exchange of intellectual property as well.
C) Countries that engage in trade will end up specializing according to their own comparative advantage.
D) A country enjoys an absolute advantage if it can produce a good with fewer resources than any other country can.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: Those who advocate import restrictions do so
Q37: Table 16.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10969/.jpg" alt="Table 16.2
Q38: Currently, about _ percent of U.S. GDP
Q39: Restricting imports will eventually lead to the
Q40: Protecting domestic _ is the most common
Q42: Why is it said that imports are
Q43: There can be no specialization without _
Q44: When each country specializes according to its
Q45: Table 16.5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10969/.jpg" alt="Table 16.5
Q46: A country is made richer by its