Given free trade, small nations tend to benefit the most from trade since they ?

Related Mcqs:

The classical trade theories of Smith and Ricardo predict that ?

A. Countries will completely specialize in the production of export goods B. Considerable trade will occur between countries with different levels of technology C. Small countries could obtain of the gains from trade when trading with large countries D. All of the above...

According to the Classical theory of international trade ?

A. Only countries with low wages will export B. Only countries with high wages will import C. Countries with high wages will have higher prices D. All of the above are false...

In autarky equilibrium ?

A. Production equals consumption B. Exports equal imports C. there is no trade D. All of the above...

Country B has an absolute advantage in ?

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

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...