Country A has an absolute advantage in ?

Related Mcqs:

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

A. A would export X to B B. B would import Y from A C. Neither country would want to trade D. None of the above...

In autarky, the relative price of X, in terms of Y in A would be ?

A. 1/2 Y B. 3/4 Y C. 1 Y D. 4/3 Y...

According to the principle of comparative advantage ?

A. South Korea should export steel B. South Korea should export steel and DVDs C. Japan should export steel D. Japan should export steel and DVDs...

The earliest statement of the principle of comparative advantage is associated with ?

A. Adam Smith B. David Ricardo C. Eli Heckscher D. Berti IOhlin...

If a country has a liner (downward sloping) production possibilities frontier, then production is said to be subjected to ?

A. constant opportunity costs B. decreasing opportunity costs C. first increasing and then decreasing opportunity costs D. increasing opportunity costs...