If Norwegian workers are more productive than Albanian workers, then trade between Norway and Albania
A) will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want.
B) cannot take place until Albanian workers become more productive.
C) can take place only if Albania has an absolute advantage in producing a good or service Norwegian buyers want.
D) cannot take place because Norwegian goods and services will be less expensive than Albanian goods and services.
Question 2
Refer to Figure 6-8. Identify the two goods which are substitutes.
A) Good X and Good Z
B) Good Y and Good Z
C) Good X and Good Y
D) It is not possible to distinguish any relationship among the goods.
Ivory trade in East Africa during the 1880s and 1890s
Atlantic Slave Trade, 1451–1870
Colonial Trade with England, 1700–1774
Workers at a Nike factory in Indonesia insert soles into sneakers for fourteen cents an hour.
Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010
Hearing level comparison amongst workers