Author Question: We know that industrial countries tend to trade with other industrial countries. This pattern ... (Read 117 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
We know that industrial countries tend to trade with other industrial countries. This pattern counters the:
 a. preference theory of comparative advantage.
  b. factor abundance theory of comparative advantage.
  c. concept of intraindustry trade.
  d. product life cycle theory of comparative advantage.
  e. human skills theory of comparative advantage.

Question 2

Raising an existing tariff on grapes from Chile will:
 a. increase U.S. imports of Chilean grapes.
 b. decrease U.S. consumption of domestically produced grapes.
  c. decrease total U.S. consumption of grapes.
 d. do all of the above.



adammoses97

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

b

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Medication errors are three times higher among children and infants than with adults.

For a complete list of videos, visit our video library