Suppose that after specializing according to comparative advantage, a country is trading with another nation that also specializes according to its comparative advantage. Which of the following statements are true for the first country?
i. It enjoys gains from trade.
ii. It must have an absolute advantage in the production of the good it produces.
iii. It is producing at a point beyond its PPF.
A) ii and iii B) i and iii C) i, ii, and iii D) i only E) i and ii
Question 2
The supply of loanable funds is from
A) firms and the government if it has a budget deficit.
B) households and the government if it has a budget deficit.
C) firms and the government if it has a budget surplus.
D) households and the government if it has a budget surplus.
E) households and firms.
Balancing selection and heterozygote advantage.
Comparative sizes of the Earth and the Moon
Chapter 6 Comparative Gov pg. 1 quiz
Cost of Copying for the Follower Country
Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Comparative Morphology