If the countries were to trade along the lines of absolute advantage ?

Related Mcqs:

The opportunity cost of one DVD in Japan is ?

A. One ton of steel B. Two tons of steel C. Three tons of steel D. Four tons of steel...

If the autarky price of S were lower in country A than in country B then if trade were allowed ?

A. A would likely export S to B B. A would likely import S from B C. neither country would want to trade D. None of the above...

John Stuart Mill was the founder of the ?

A. Theory of reciprocal demand B. Theory of absolute advantage C. Theory of comarative advantage D. Theory of mercantilism...

Country B has the comparative advantage in ?

A. Wine B. Beer C. Both wine and beer D. Neither wine nor beer...

The relative price (MRT) of T in terms of S is ?

A. 2 B. 1/2 C. 500 D. 1000...