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

Author Question: International trade on the basis of comparative advantage maximizes world output and allows ... (Read 88 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
on: Jun 30, 2018
International trade on the basis of comparative advantage maximizes world output and allows consumers to access better-quality products at lower prices than would be available in the domestic market alone.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In reality international trade is determined solely by comparative advantage and the free market forces of supply and demand.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


sjones

  • Member
  • Posts: 520
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Far Oceania was the last of the regions of the world to be colonized by humans. Far Oceania was the last of the regions of the world to be colonized by humans.
Ottoman Empire and the Arab World, 1914 Ottoman Empire and the Arab World, 1914
Descending limbs of Hadley cells are the sites of the world’s major deserts Descending limbs of Hadley cells are the sites of the world’s major deserts
Cretaceous world Cretaceous world
Penicillin saved the lives of many soldiers in World War II Penicillin saved the lives of many soldiers in World War II
Regions of the world where malaria is endemic are shown Regions of the world where malaria is endemic are shown
Video: Metaphase I Animation

For a complete list of videos, visit our video library