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

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...

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...

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...

Which countries terms of trade improved between 1990 and 2000 ?

A. Mexico and Denmark B. Sweden and Denmark C. Sweden and Spain D. Mexico and Sweden...

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...