To obtain the greatest gains from trade, a country should specialize in and ____ those goods for which it has a comparative advantage and ____ those goods for which other countries have a comparative advantage.
a. export; export
b. import; import
c. export; import
d. import; export
Question 2
In any country, the population will generally be better off as long as the ____ over time and population ____.
a. quantity and quality of output decreases; does not increase faster than real output
b. quantity and quality of output increases; increases faster than real output
c. quantity and quality of output increases; does not increase faster than real output
d. technology improves; increases faster than real output
Atlantic Slave Trade, 1451–1870
Colonial Trade with England, 1700–1774
Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site.
How many pounds of yeast must the manufacturer start with to obtain 550 lb at the end of 12 h?
How to create a price index to calculate inflation for a basket of goods
GDP per Capita by Country Group, 1820–2008