If tastes are identical between countries, then comparative advantage is determined by ?

Related Mcqs:

According to the Heckscher-Ohlin model the source of comparative advantage is a country’s ?

A. technology B. advertising C. factor endowments D. both (a) and (c)...

The comparative advantage model of Ricardo was based on ?

A. intraindustry specialization and trade B. interindustry specialization and trade C. demand conditions underlying specialization and trade D. income conditions underlying specialization and trade...

A product will be traded only if the pre-trade price difference between the two countries ?

A. is less than the cost of transporting it between them B. is greater than the cost of transporting it between them equals the cost of transporting it between them C. equals the cost of transporting it between them D. more information in needed to answer this...

Declining costs per unit of output results from international trade especially if ?

A. International trade affords producers monopoly power B. National governments levy imports tariffs and quotas C. Producing goods entails increasing costs D. Economies of scale exist for producers...

Industrial policies intended to foster comparative advantage for domestic industries could result in the implementation of ?

A. research and development subsidies B. loan guarantees C. low interest rate loans D. All of the above...