Multiple Choice
What is the difference between trade among individuals and trade among nations?
A) The logic of trade and specialization is stronger for individuals than it is for nations.
B) The logic of trade and specialization is stronger for nations than it is for individuals.
C) The logic of trade and specialization applies equally well among individuals and nations.
D) Without looking at specific cases, we can't say much about the logic of trade and specialization for individuals and nations.
Correct Answer:
Verified
Correct Answer:
Verified
Q133: When using a production possibilities frontier (PPF),
Q134: Use the following to answer questions:<br>Figure: Sofas
Q135: Use the following to answer questions:<br>Figure: Countries
Q136: Jim has an old (working) television that
Q137: Use the following to answer questions:<br>Figure: Coffee
Q139: In Spain it takes 10 workers to
Q140: Facilitators of trade (such as Pierre Omidyar,
Q141: Which of the following best characterizes the
Q142: Use the following to answer questions:<br>Figure: Steel
Q143: International trade is based on the theory