LDCs often have a comparative advantage in the production of ?

Related Mcqs:

The real income of domestic producers and consumers can be increased by ?

A. Technological progress, but not international trade B. International trade but not technological progress C. Technological Progress and international trade D. Neither technological progress nor international trade...

International specialization takes place because of______________?

A. differences in technology B. differences in factor endowments C. scale economies D. All of the above...

The imposition of a tariff causes consumption to _____ and imports to _________?

A. rise, rise B. fall, rise C. fall, fall D. rise, fall...

A sudden shift from import tariffs to free trade may induce short-term unemployment in ?

A. Import-competing industries B. Industries that are only exporters C. Industries that sell domestically as well as export D. industries that neither import nor export...

If goods are exported for less than society’s marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from?

A. an import subsidy B. a quota C. comparative advantage D. an export subsidy...