Author Question: The human skills theory is similar to the factor abundance theory of explaining the source of ... (Read 123 times)

sabina · **on:** Jun 30, 2018

The human skills theory is similar to the factor abundance theory of explaining the source of comparative advantage, except that the former concentrates only on different aspects of labor.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The change in the total gain to a nation from international trade is the:
a. producer surplus.
b. consumer surplus.
c. excess of producer surplus over consumer surplus.
d. sum of consumer and producer surpluses.