Multiple Choice
A country that has relatively large amounts of a particular resource at its disposal
A) will tend to have an absolute advantage
B) will trade the resource for some good in which that country has an absolute advantage
C) will tend to have a comparative advantage in goods that make heavy use of that resource
D) will trade the resource for some good in which that country has a comparative advantage
E) will tend to have a low exchange rate
Correct Answer:

Verified
Correct Answer:
Verified
Q47: Protectionism arises because<br>A)people misunderstand the benefits of
Q48: If goods are produced abroad but consumed
Q49: In a Mexican factory,each worker can produce
Q50: A low-productivity country will tend to avoid
Q51: Objections to free trade<br>A)often come from those
Q53: Figure 16-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt="Figure 16-6
Q54: Tariffs<br>A)benefit consumers by lowering prices<br>B)harm producers by
Q55: Tariffs are government policies designed to encourage
Q56: If Country A exports a good to
Q57: Given an opportunity cost of 10 bicycles