Under free trade, Canada would not realize any gains from trade with Sweden if Canada ?

Related Mcqs:

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...

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...

The relative price (MRT) of T in terms of S is ?

A. 2 B. 1/2 C. 500 D. 1000...