The gains from international trade are closely related to ?

Related Mcqs:

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...

John Stuart Mill was the founder of the ?

A. Theory of reciprocal demand B. Theory of absolute advantage C. Theory of comarative advantage D. Theory of mercantilism...

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...

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...

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...