Search
.Management Sciences
A. The less mobile the country’s resources
B. The more mobile the country’s resources
C. The lower the country’s initial living standard
The higher the country’s initial living standard
Related Mcqs:
- Term of trade for a country are the ratio of _______________ to _____________?
- A. its opportunity costs; world opportunity costs B. export prices; import prices C. Value of exports; value of imports D. its currency; other currencies...
- The main cause of different relative costs between countries are ?
- A. relative factor competition B. relative factor mobility C. relative factor substitution D. relative factor endowments...
- The imposition of a tariff causes consumption to _____ and imports to _________?
- A. rise, rise B. fall, rise C. fall, fall D. rise, fall...
- A feasible effect of international trade is that a (an) ?
- A. Monopoly in the home market becomes an oligopoly in the world market B. Oligopoly in the home market becomes a monopoly in the world market C. Purely competitive firm in the home market becomes an oligopolist D. purely competitive firm in the home market becomes a monopolist...
- International difference is opportunity costs lead to countries acquiring ?
- A. Comparative advantage B. High exchange rates C. trade barriers D. trade quotas...
Recent Comments