Multiple Choice
International trade is based on the notion that:
A) Different currencies are an obstacle to international trade
B) Goods are more mobile internationally than are resources
C) Resources are more mobile internationally than are goods
D) A country's exports should always exceed its imports
Correct Answer:

Verified
Correct Answer:
Verified
Q127: In his empirical test of the principle
Q161: According to the price-specie-flow-doctrine, a trade-surplus nation
Q187: Mercantilism refers to a system of restraints
Q188: Is it possible to estimate the gains
Q202: Table 2.2.Output possibilities for South Korea and
Q204: When a nation requires fewer resources than
Q205: David Ricardo's simplified trade model assumes all
Q205: The price-specie-flow mechanism illustrated why nations could
Q206: The earliest statement of the principle of
Q212: Trade between two nations would not be