Suppose rice can be produced in country X at a lower cost than in country Y, while tuna can be produced in country Y at a lower cost than in country X. International competition will:
a. destroy the rice market in both countries.
b. drive X to specialize in rice and Y to specialize in tuna.
c. drive Y to specialize in rice and X to specialize in tuna.
d. cause both X and Y to reject international specialization.
e. result in lower total output of rice and tuna.
Question 2
The classical economists argued that the production of goods and services (supply) generates an equal amount of total income and, in turn, total spending. This theory is called:
a. Keynes' General Theory.
b. Say's Law.
c. the animal spirits theory.
d. the law of autonomous consumption.
Comparison of the radius of fruits produced by native and introduced species of Sapindaceae
Rice lines
Lower Limbs & Pelvis
Number of lower molar cusps is one of the features used to distinguish sundadonts from sinodonts.
Basic sliding effleurage to the lower leg. Apply from heel of foot to knee. Conform hands to contour ...
Chocolate May Lower the Risk of Stroke in Men