The Relative price (MRT)of S in terms of T i ?

Related Mcqs:

The opportunity cost of one DVD in Japan is ?

A. One ton of steel B. Two tons of steel C. Three tons of steel D. Four tons of steel...

According to the Principle of absolute advantage Japan should ?

A. Export steel B. Export DVDs C. Exports steel and DVDs D. There is no basis for gainful specialization and trade...

In autarky, the relative price of wine, in terms of beer, in country A is ?

A. 1W = 1B B. 1W = 2B C. 1W = 3B D. 1W = 1/3B...

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...