The main cause of different relative costs between countries are ?

Related Mcqs:

Technological improvements are similar to international trade since they both ?

A. Provide benefits for all producers and consumers B. Increase the nation’s aggregate income C. Reduce unemployment for all domestic workers D. Ensure that industries can operate at less than full capacity...

The theory that states that a country has a comparative advantage in the production of a product if that country is relatively well endowed with inputs used intensively in the production of that product is the?

A. Ricardo Malthus theorem B. Heckscher Ohlin theorem C. Lucas-Laffer theorem D. Friedman Samuelson theorem...

If there is a balance of payments deficit then in a floating exchange rate system ?

A. The external value of the currency would tend to fall B. The external value of the currency would tend to rise C. The injections from trade are greater then the withdrawals D. Aggregate demand is increasing...

For the United states, exports plus imports are about _____ of its gross national product?

A. 5 percent B. 10 percent C. 25 percent D. 55 percent...

The terms of trade measure ?

A. The income of one country compared to another B. The GDP of one country compared to another C. The quantity of exports of one country compared to another D. Export prices compared to import prices...