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
Worldly Goods
Use of cell fusion and selection to obtain hybridomas producing monoclonal antib
Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site.
Data Used to Analyze Productivity in Country 1 and Country 2
Draw an Edgeworth box for two consumers over two goods
The price of rice in a small country is currently $6 per pound. In order to help low-income ...