This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: North America exports clothing to the European Union, and the European Union exports clothing to ... (Read 76 times)

kaitlynndavis

  • Full Member
  • ***
  • Posts: 136
on: Oct 12, 2022

Question 1

The increases in a nation's output and consumption that result from specialization and trade are called
◦ absolute advantage.
◦ the terms of trade.
◦ autarky.
◦ comparative advantage.
◦ the gains from trade.

Question 2

North America exports clothing to the European Union, and the European Union exports clothing to North America. This is a(n)
◦ violation of the law of comparative advantage.
◦ obvious failure to take advantage of specialization.
◦ example of the inefficiency of trade patterns.
◦ general conclusion of the Heckscher-Ohlin theory.
◦ likely result of economies of scale and product differentiation.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kaitlynndavis on Oct 12, 2022

kugyo01

  • Full Member
  • ***
  • Posts: 156
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 60% of students answer this correctly


kaitlynndavis

  • Member
  • Posts: 136
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

A European Rabbit (Oryctolagus cuniculus) in Tasmania A European Rabbit (Oryctolagus cuniculus) in Tasmania
White-winged Duck at Sylvan Heights Waterfowl Park, North Carolina White-winged Duck at Sylvan Heights Waterfowl Park, North Carolina
Spain’s North American Frontier, c. 1750 Spain’s North American Frontier, c. 1750
Latin America Latin America
Gulf Stream/North Atlantic Current Gulf Stream/North Atlantic Current
Government in America: People, Politics, and Policy, AP Government in America: People, Politics, and Policy, AP
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library