According to the Classical theory of international trade ?

Related Mcqs:

According to the Principle of absolute advantage Japan should ?

A. Export steel B. Export DVDs C. Exports steel and DVDs D. There is no basis for gainful specialization and trade...

International trade is based on the nation 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 that are goods D. A country’s exports should always exceed its imports...

G. MacDougal compared export ratios and labor productivity ratios for the United States and the United Kingdom in order to test the:

A. Ricardian theory of comparative B. Heckscher Ohl in theory of comparative advantage C. Linder theory of overlapping demand all of the above D. None of these...

The opportunity cost of one DVD in South Korea is ?

A. One-half ton of steel B. One ton of steel C. One and one-half tons of steel D. Two tons of steel...

If the relative Price (MRT) of T were to increase, then the price line would ?

A. Shift out in a parallel fashion B. shift in a parallel fashion C. become steeper D. Become flatter...