Author Question: We know that industrial countries tend to trade with other industrial countries. This pattern ... (Read 155 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?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library