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 36 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?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Teenage Pregnancy Rates in Developed Countries Teenage Pregnancy Rates in Developed Countries
Freedom House is a nonprofit institution that uses several different factors to rank countries based Freedom House is a nonprofit institution that uses several different factors to rank countries based
For centuries, widows in the Mediterranean countries, such as thise widow in Greece, were expected ... For centuries, widows in the Mediterranean countries, such as thise widow in Greece, were expected ...
Each of the eight injectors shown are producing a correct spray pattern for the applications. While ... Each of the eight injectors shown are producing a correct spray pattern for the applications. While ...
Life Expectancy in Developing Countries Life Expectancy in Developing Countries
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library