Multiple Choice
If a country has an absolute advantage in every good,then
A) it should avoid international trade.
B) it should still export those goods in which it has a comparative advantage.
C) it should export a small amount of every good.
D) this is an impossible condition;a country cannot have an absolute advantage in all goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q16: For infant-industry tariff protection to be valid
Q17: Of the countries below,the one with the
Q18: Lessening restrictions on imports usually leads to<br>A)a
Q22: A rationale used for tariff protection by
Q23: Industries that cannot compete with foreign competitors
Q25: Suppose that Canada and Japan are the
Q103: When economists David Gould, G.L. Woodbridge, and
Q105: "International trade bestows benefits on countries through
Q121: The effects of a tariff are<br>A) reduced
Q163: Restrictions on imports<br>A) eventually reduce exports, too.<br>B)