Author Question: We know that industrial countries tend to trade with other industrial countries. This pattern ... (Read 177 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
We know that industrial countries tend to trade with other industrial countries. This pattern counters the:
 a. preference theory of comparative advantage.
  b. factor abundance theory of comparative advantage.
  c. concept of intraindustry trade.
  d. product life cycle theory of comparative advantage.
  e. human skills theory of comparative advantage.

Question 2

Raising an existing tariff on grapes from Chile will:
 a. increase U.S. imports of Chilean grapes.
 b. decrease U.S. consumption of domestically produced grapes.
  c. decrease total U.S. consumption of grapes.
 d. do all of the above.



adammoses97

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

b

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

For a complete list of videos, visit our video library