« previous next »

Author Question: The free trade theories of specialization primarily assume that ________. A) specialization leads ... (Read 84 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
on: Jul 7, 2018
The free trade theories of specialization primarily assume that ________.
 
  A) specialization leads to unemployment, but production gains compensate for job losses
  B) resources can move internationally from the production of one good to another
  C) resources can move domestically from the production of one good to another
  D) countries have objectives other than economic efficiency

Question 2

Which of the following assumptions was made in the original theories of absolute and comparative advantage?
 
  A) Specialized labor seeks efficiency.
  B) Labor resources are fully employed.
  C) Countries pursue objectives other than economic efficiency.
  D) Production networks enable countries to concentrate on particular functions.
International Business ¦ Daniels, Radebaugh, Sullivan ¦ 16th Edition
Buy Test-Bank


kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 7, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

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.

Ivory trade in East Africa during the 1880s and 1890s Ivory trade in East Africa during the 1880s and 1890s
Toussaint L’Ouverture leads a revolt of slaves against the French in Haiti—the first and only major Toussaint L’Ouverture leads a revolt of slaves against the French in Haiti—the first and only major
Electrode placement for chest leads V1–V6. Electrode placement for chest leads V1–V6.
Developmental Theories of Childhood and Adolescence Developmental Theories of Childhood and Adolescence
Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ... Plasma protein binding and drug availability: (a) The drug exists in a free state or is bound to ...
Aspartate leads via homoserine to threonine, lysine, and methionine Aspartate leads via homoserine to threonine, lysine, and methionine
Video: Pores and Ion Channels

For a complete list of videos, visit our video library