« previous next »

Author Question: The free trade theories of specialization primarily assume that ________. A) specialization leads ... (Read 163 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?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

The relationship between free energy and electron movement along the electron transport chain The relationship between free energy and electron movement along the electron transport chain
The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test The testes. In addition to producing sperm, the testes secrete the male sex hormones, primarily test
Physiological and evolutionary theories of aging. Physiological and evolutionary theories of aging.
Free Energy Rules: The Second Law in Open Systems Free Energy Rules: The Second Law in Open Systems
Eat Gluten Free Eat Gluten Free
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
Video: Control of ventilation rate by other brain centers (posts, hypothalamus & cerebral cortex)

For a complete list of videos, visit our video library