Multiple Choice
Assume that the United States could produce all products at a lower per unit cost compared to Canada.If this were the case,
A) it would still be possible for Canada to have an absolute advantage in the production of some products.
B) Canada could not have a comparative advantage in any product.
C) it would still be possible for Canada to have a comparative advantage in trade for some products.
D) Canada would have a comparative advantage to the United States in all products.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: If country A exports good X to
Q65: In general,lower imports-to-GDP ratios are more likely,the<br>A)smaller
Q66: With the aid of diagrams explain the
Q69: Dumping occurs when,in a foreign market,a good
Q70: An assumption behind the infant industry argument
Q71: Consider a world of two countries producing
Q72: An import quota specifies<br>A)the amount of money
Q158: According to international trade theory<br>A) trade is
Q248: Restricting imports usually leads to<br>A) a country
Q268: The basic proposition in international trade is