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Author Question: One of the outcomes of the Uruguay Round is the formation of the World Trade Organization now sets ... (Read 82 times)

Zulu123

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on: Jun 30, 2018
One of the outcomes of the Uruguay Round is the formation of the World Trade Organization now sets new trade rules and has more power than the old GATT to enforce the rules it sets.
 
  Indicate whether the statement is true or false

Question 2

If the autarky price of S (in terms of T) were lower in country A than in country B,
 
  A) A has a comparative advantage in S.
  B) B has a comparative advantage in T.
  C) A has a comparative disadvantage in T.
  D) All of the above.


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jackie

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Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


Zulu123

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

debra928

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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