G. MacDougall’s empirical results can be interpreted as ?

Related Mcqs:

Country A has an absolute advantage in__________?

A. Product X B. Product Y C. Neither X nor Y D. Both X and Y...

If the international terms of trade settle at a level that is between each country’s opportunity cost ?

A. There is no basis for gainful trade for either country B. Both countries gain from trade C. Only one country gains from trade D. One country gain and the other country loses from trade...

Mercantilism ?

A. Is the philosophy of free international trade? B. Was a system of export promotion and barriers to imports practiced by governments? C. Was praised by Adam Smith in the Wealth of Nations D. Both (a) and (c)...

In aukarky, when a community maximizes its standard of living, its production and consumption point is ?

A. below the production possibility frontier B. On the production possibility frontier C. above the production possibility frontier D. can’t tell without more information...

In autarky, when a community maximizes its standard of living its production point is ?

A. below the production possibility frontier B. on the production possibility frontier C. above the production possibility frontier D. can’t tell without more information...