Multiple Choice
Suppose the United States' production possibility frontier was flatter to the widget axis,whereas Germany's was flatter to the butter axis.We now learn that the German mark sharply depreciates against the U.S.dollar.We now know that
A) the United States has no comparative advantage
B) Germany has a comparative advantage in butter.
C) the United States has a comparative advantage in butter.
D) Germany has a comparative advantage in widgets.
E) Germany has lost its comparative advantage.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: We know that in antiquity, China exported
Q12: Given the information in the table above,
Q15: Trade between two countries can benefit both
Q22: Given the information in the table above,
Q32: Given the information in the table above,
Q38: If the world terms of trade for
Q39: Which of the following statements is TRUE?<br>A)
Q42: The Ricardian proposition that international trade will
Q42: The earliest statement of the principle of
Q43: Suppose the United states production possibility frontier