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

Author Question: When countries specialize in producing those goods in which they have ________, they maximize their ... (Read 83 times)

cherise1989

  • Hero Member
  • *****
  • Posts: 555
on: Apr 19, 2019

Question 1

According to ________, trade between two countries allows each of the trading countries to allocate its resources most efficiently.


◦ the Heckscher-Ohlin theorem
◦ the theory of absolute advantage
◦ the General Agreement on Tariffs and Trade
◦ the theory of comparative advantage

Question 2

When countries specialize in producing those goods in which they have ________, they maximize their combined output and allocate their resources more efficiently.


◦ an absolute advantage
◦ a comparative advantage
◦ a greater demand
◦ export subsidies from the government
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cherise1989 on Apr 19, 2019

Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Apr 19, 2019
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 39% of students answer this correctly


cherise1989

  • Hero Member
  • *****
  • Posts: 555
Reply #2 on: Apr 19, 2019
Excellent


Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Occupational Prestige: How The United States Compares With Sixty Countries Occupational Prestige: How The United States Compares With Sixty Countries
Countries of Origin of Asian Americans Countries of Origin of Asian Americans
Countries of Origin of Unauthorized Immigrants to the United States Countries of Origin of Unauthorized Immigrants to the United States
Map of Arabic Speaking Countries Map of Arabic Speaking Countries
Age structure for three countries Age structure for three countries
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library