Foundations of Modern Trade Theory Mcqs

Q.  Country B has an absolute advantage in ?

a. Product X
b. Product Y
c. Neither X nor Y
d. Both X and Y


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  In autarky, the relative price of X, in terms of Y in A would be ?
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MCQs:  If the countries were to trade along the lines of absolute advantage ?
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MCQs:  Country A has an absolute advantage in__________?
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MCQs:  Absolute advantage is determined by ?
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MCQs:  According to the Classical theory of international trade ?
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MCQs:  The classical trade theories of Smith and Ricardo predict that ?
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MCQs:  International trade is based on the nation that ?
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MCQs:  If Hong Kong and Taiwan have identical production possibilities curves that are subject to increasing opportunity costs ?
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MCQs:  With international trade, what would be the maximum number of DVDs that Japan would be willing to export to South Korea in exchange for each ton of steel ?
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MCQs:  With International trade, what would be the maximum amount of steel that South Korea would be willing to export to Japan in exchange for each DVD ?
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MCQs:  According to the Principle of absolute advantage Japan should ?
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MCQs:  The opportunity cost of one DVD in Japan is ?
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MCQs:  Unions tend to increase the disparity in pay between insiders and outsiders by ?
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MCQs:  Union might increase efficiency in the case Where they ?
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MCQs:  Which of the following is an example of a reason why firms might pay efficiency wages ?
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MCQs:  Which of the following government policies would fail to lower the unemployment rate ?
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MCQs:  If, for any reason the wage is held above the competitive equilibrium wage?
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MCQs:  A minimum wage law tends to ?
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MCQs:  Refer to Figure 1. The unemployment rate is ?
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MCQs:  According to the Office of National Statistics UK, a husband who chooses to stay home and take care of household is ?
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