Multiple Choice
According to the classical theory of international trade
A) only countries with low wages will export.
B) only countries with high wages will import.
C) countries with high wages will have higher relative prices of all goods.
D) All the above are false.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: Once trade begins,a country will tend to
Q23: The labor theory of value<br>A)is what economists
Q24: Answer the question(s)below based on the
Q25: Comparative advantage is determined by the relative
Q26: Answer the question(s)below based on the
Q28: Answer the question(s)below based on the
Q29: A country must have absolute advantage in
Q30: Answer the question(s)below based on the following
Q31: The notion that in a world with
Q32: Answer the question(s)below based on the